European Assets Trust (LON:EAT) Reaches New 52-Week Low - Here's What Happened

European Assets Trust PLC (LON:EAT - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 80 ($1.00) and last traded at GBX 80 ($1.00), with a volume of 304651 shares traded. The stock had previously closed at GBX 81.20 ($1.01).

European Assets Trust Stock Performance

The firm's 50 day moving average is GBX 82.69 and its 200 day moving average is GBX 85.25. 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 stock has a market cap of £288.06 million, a P/E ratio of 800.00 and a beta of 1.05.

European Assets Trust Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 3rd were given a dividend of GBX 1.48 ($0.02) per share. This represents a dividend yield of 1.72%. The ex-dividend date of this dividend was Thursday, October 3rd. European Assets Trust's 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.