European Assets Trust (LON:EAT) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

European Assets Trust PLC (LON:EAT)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 84 ($1.03) and traded as low as GBX 80.91 ($1.00). European Assets Trust shares last traded at GBX 81.20 ($1.00), with a volume of 759,429 shares trading hands.

European Assets Trust Trading Up 1.5 %

The company has a current ratio of 0.20, a quick ratio of 1.35 and a debt-to-equity ratio of 7.34. The firm has a market cap of £298.86 million, a P/E ratio of 830.00 and a beta of 1.05. The business has a 50 day moving average of GBX 81.63 and a two-hundred day moving average of GBX 83.97.

European Assets Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given a dividend of GBX 1.38 ($0.02) per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 1.68%. European Assets Trust’s dividend payout ratio is 6,000.00%.

European Assets Trust Company Profile

European Assets Trust PLC is a closed-ended equity mutual fund launched and managed by F&C Investment Business Limited. The fund invests in the public equity markets of Europe, excluding the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of small and mid cap companies with a market capitalization below that of the largest company in the Euromoney Smaller European Companies (ex UK) Index or below Euro 2.5 billion.