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European Assets Trust (LON:EAT) Stock Passes Below 200-Day Moving Average - Here's Why

European Assets Trust logo with Finance background

European Assets Trust PLC (LON:EAT - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

European Assets Trust Stock Performance

The business has a 50 day moving average of GBX 81.85 and a 200-day moving average of GBX 84.29. The stock has a market cap of £295.26 million, a PE ratio of 820.00 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.

European Assets Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a dividend of GBX 1.38 ($0.02) per share. This represents a dividend yield of 1.68%. The ex-dividend date is Thursday, January 16th. European Assets Trust's dividend payout ratio is presently 6,000.00%.

About European Assets Trust

(Get Free Report)

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.

Further Reading

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