European Assets Trust (LON:EAT) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

European Assets Trust PLC (LON:EAT)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 81.72 ($1.02) and traded as high as GBX 83.60 ($1.04). European Assets Trust shares last traded at GBX 83.40 ($1.04), with a volume of 975,716 shares trading hands.

European Assets Trust Trading Up 0.9 %

The company has a market cap of £303.06 million, a price-to-earnings ratio of 841.68 and a beta of 1.05. The company has a debt-to-equity ratio of 7.34, a current ratio of 0.20 and a quick ratio of 1.35. The business’s 50-day simple moving average is GBX 81.72 and its 200-day simple moving average is GBX 83.85.

European Assets Trust Cuts Dividend

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

About European Assets Trust

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.