Montanaro European Smaller (LON:MTE) Shares Cross Above 50-Day Moving Average - Here's What Happened

Montanaro European Smaller (LON:MTE - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 140.61 ($1.71) and traded as high as GBX 147.38 ($1.79). Montanaro European Smaller shares last traded at GBX 146.50 ($1.78), with a volume of 288,850 shares trading hands.

Montanaro European Smaller Trading Up 0.3 %

The company's 50 day simple moving average is GBX 140.61 and its two-hundred day simple moving average is GBX 142.07. The company has a market capitalization of £277.51 million, a price-to-earnings ratio of 1,831.25 and a beta of 1.17. The company has a quick ratio of 0.12, a current ratio of 0.70 and a debt-to-equity ratio of 2.98.

Montanaro European Smaller Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 22nd. Investors of record on Thursday, December 19th will be paid a dividend of GBX 0.30 ($0.00) per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a yield of 0.21%. Montanaro European Smaller's dividend payout ratio (DPR) is 1,250.00%.

Insider Activity at Montanaro European Smaller

In other Montanaro European Smaller news, insider Caroline Roxburgh acquired 6,855 shares of the firm's stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average cost of GBX 145 ($1.76) per share, for a total transaction of £9,939.75 ($12,093.62). 1.39% of the stock is currently owned by insiders.

Montanaro European Smaller Company Profile

The trust aims to achieve capital growth by investing in small European quoted companies. It seeks to achieve capital growth in excess of its benchmark, the MSCI Europe SmallCap (ex-UK) Index. Montanaro Asset Management was founded by Charles Montanaro in 1991 with a vision to bring a different approach to SmallCap investing. We think of ourselves as an Oasis in the City.