European Assets Trust (LON:EAT) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

European Assets Trust PLC (LON:EAT)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 85.56 ($1.08) and traded as low as GBX 81.81 ($1.03). European Assets Trust shares last traded at GBX 82.70 ($1.04), with a volume of 483,931 shares traded.

European Assets Trust Price Performance

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 business’s 50 day moving average price is GBX 82.91 and its two-hundred day moving average price is GBX 85.47. The stock has a market cap of £297.78 million, a P/E ratio of 827.00 and a beta of 1.05.

European Assets Trust Announces Dividend

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