Montanaro UK Smaller Companies (LON:MTU) Trading Up 1.5% – Here’s Why

Shares of Montanaro UK Smaller Companies (LON:MTU) shot up 1.5% on Thursday . The company traded as high as GBX 104 ($1.33) and last traded at GBX 104 ($1.33). 1,159,612 shares were traded during mid-day trading, an increase of 233% from the average session volume of 348,446 shares. The stock had previously closed at GBX 102.50 ($1.31).

Montanaro UK Smaller Companies Stock Performance

The company has a current ratio of 11.57, a quick ratio of 41.12 and a debt-to-equity ratio of 10.82. The company has a market cap of £174.91 million, a P/E ratio of 950.00 and a beta of 0.98. The company has a 50 day moving average price of GBX 104.43 and a 200-day moving average price of GBX 106.96.

Montanaro UK Smaller Companies Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, October 17th were issued a GBX 1.22 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a dividend yield of 1.16%. Montanaro UK Smaller Companies’s dividend payout ratio (DPR) is currently 4,545.45%.

About Montanaro UK Smaller Companies

Montanaro UK Smaller Companies Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Montanaro Investment Managers Ltd. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of small-cap companies operating across diversified sectors.