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

European Assets Trust PLC (LON:EAT)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 84.29 ($1.04) and traded as low as GBX 81.30 ($1.00). European Assets Trust shares last traded at GBX 82 ($1.01), with a volume of 656,215 shares.

European Assets Trust Price Performance

The stock has a market cap of £294.53 million, a price-to-earnings ratio of 817.99 and a beta of 1.05. 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 company’s fifty day moving average is GBX 81.85 and its two-hundred day moving average is GBX 84.29.

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.