Montanaro European Smaller (LON:MTE) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Montanaro European Smaller (LON:MTE) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 140.61 ($1.71) and traded as high as GBX 147.38 ($1.79). Montanaro European Smaller shares last traded at GBX 146.50 ($1.78), with a volume of 288,850 shares changing hands.

Montanaro European Smaller Stock Up 0.3 %

The firm’s 50-day moving average is GBX 140.61 and its two-hundred day moving average is GBX 142.07. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.12 and a current ratio of 0.70. The stock has a market cap of £277.51 million, a P/E ratio of 1,831.25 and a beta of 1.17.

Montanaro European Smaller Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Thursday, December 19th will be paid a GBX 0.30 ($0.00) dividend. This represents a dividend yield of 0.21%. The ex-dividend date of this dividend is Thursday, December 19th. Montanaro European Smaller’s dividend payout ratio (DPR) is presently 1,250.00%.

Insiders Place Their Bets

In other Montanaro European Smaller news, insider Caroline Roxburgh bought 6,855 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was acquired at an average cost of GBX 145 ($1.76) per share, with a total value of £9,939.75 ($12,093.62). Company insiders own 1.39% of the company’s stock.

Montanaro European Smaller Company Profile

The trust aims to achieve capital growth by investing in small European quoted companies. It seeks to achieve capital growth in excess of its benchmark, the MSCI Europe SmallCap (ex-UK) Index.

Montanaro Asset Management was founded by Charles Montanaro in 1991 with a vision to bring a different approach to SmallCap investing.

We think of ourselves as an Oasis in the City.