European Assets Trust (LON:EAT) Shares Pass Above 50-Day Moving Average of $86.28

European Assets Trust PLC (LON:EAT)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 86.28 ($1.14) and traded as high as GBX 87.20 ($1.15). European Assets Trust shares last traded at GBX 86.60 ($1.14), with a volume of 321,432 shares traded.

European Assets Trust Price Performance

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 has a market capitalization of £309.66 million, a PE ratio of 866.00 and a beta of 1.05. The stock’s 50-day moving average is GBX 86.28 and its two-hundred day moving average is GBX 86.98.

European Assets Trust Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 4th were paid a GBX 1.48 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, July 4th. This represents a yield of 1.69%. European Assets Trust’s dividend payout ratio is currently 6,000.00%.

Insiders Place Their Bets

In related news, insider Kate Cornish Bowden bought 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of GBX 85 ($1.12) per share, for a total transaction of £8,500 ($11,209.28). In related news, insider Kate Cornish Bowden bought 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of GBX 85 ($1.12) per share, for a total transaction of £8,500 ($11,209.28). Also, insider Kevin Troup acquired 11,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were acquired at an average price of GBX 88 ($1.16) per share, for a total transaction of £9,680 ($12,765.40). Insiders own 0.82% of the company’s stock.

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.