European Assets Trust (LON:EAT) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of European Assets Trust PLC (LON:EAT) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 84.29 ($1.03) and traded as low as GBX 81.30 ($0.99). European Assets Trust shares last traded at GBX 82 ($1.00), with a volume of 656,215 shares changing hands.

European Assets Trust Stock Performance

The firm has a market capitalization of £295.26 million, a P/E ratio of 820.00 and a beta of 1.05. The stock has a 50-day moving average of GBX 81.82 and a 200 day moving average of GBX 84.24. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.35 and a current ratio of 0.20.

European Assets Trust Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be given a GBX 1.38 ($0.02) dividend. The ex-dividend date is Thursday, January 16th. This represents a yield of 1.68%. European Assets Trust’s 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.