European Assets Trust (LON:EAT) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

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 Price Performance

The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.35 and a current ratio of 0.20. The company has a market cap of £295.26 million, a price-to-earnings ratio of 820.00 and a beta of 1.05. The stock’s fifty day moving average is GBX 81.82 and its two-hundred day moving average is GBX 84.24.

European Assets Trust Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a GBX 1.38 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 1.68%. European Assets Trust’s dividend payout ratio is presently 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.