European Assets Trust (LON:EAT) Shares Cross Below 200 Day Moving Average – Here’s What Happened

European Assets Trust PLC (LON:EATGet Free Report)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 84.98 ($1.07) and traded as low as GBX 79.61 ($1.00). European Assets Trust shares last traded at GBX 80.20 ($1.01), with a volume of 199,759 shares trading hands.

European Assets Trust Stock Up 1.0 %

The business’s 50 day simple moving average is GBX 82.33 and its 200 day simple moving average is GBX 84.84. 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 firm has a market capitalization of £291.66 million, a PE ratio of 810.00 and a beta of 1.05.

About European Assets Trust

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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.

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