European Assets Trust (LON:EAT) Stock Passes Above 50 Day Moving Average - Here's What Happened

European Assets Trust PLC (LON:EAT - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 81.72 ($1.01) and traded as high as GBX 83.60 ($1.04). European Assets Trust shares last traded at GBX 83.40 ($1.03), with a volume of 975,716 shares changing hands.

European Assets Trust Trading Up 0.8 %

The company has a quick ratio of 1.35, a current ratio of 0.20 and a debt-to-equity ratio of 7.34. The stock's 50 day moving average is GBX 81.89 and its two-hundred day moving average is GBX 83.78. The company has a market capitalization of £306.06 million, a PE ratio of 850.00 and a beta of 1.05.

European Assets Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a GBX 1.38 ($0.02) dividend. The ex-dividend date was Thursday, January 16th. This represents a yield of 1.68%. European Assets Trust's dividend payout ratio is presently 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.