European Assets Trust (LON:EAT) Sets New 12-Month Low – Here’s What Happened

Posted by Paula Ricardo on Nov 21st, 2024

Shares of European Assets Trust PLC (LON:EAT – Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as GBX 80.60 ($1.01) and last traded at GBX 81.19 ($1.02), with a volume of 416109 shares trading hands. The stock had previously closed at GBX 82 ($1.03).

European Assets Trust Stock Down 0.7 %

The firm’s 50 day moving average is GBX 84.04 and its two-hundred day moving average is GBX 86.25. 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 stock has a market cap of £293.10 million, a price-to-earnings ratio of 814.00 and a beta of 1.05.

European Assets Trust Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 3rd were paid a dividend of GBX 1.48 ($0.02) per share. This represents a dividend yield of 1.72%. The ex-dividend date was Thursday, October 3rd. European Assets Trust’s dividend payout ratio is currently 6,000.00%.

About European Assets Trust

(Get Free Report)

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.