European Assets Trust (LON:EAT) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

European Assets Trust PLC (LON:EAT)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 86.54 ($1.12) and traded as low as GBX 82.50 ($1.07). European Assets Trust shares last traded at GBX 82.60 ($1.07), with a volume of 382,290 shares changing hands.

European Assets Trust Trading Up 0.1 %

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 stock has a market cap of £297.75 million, a P/E ratio of 826.00 and a beta of 1.05. The firm’s 50-day simple moving average is GBX 85.13 and its 200 day simple moving average is GBX 86.54.

European Assets Trust Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 3rd will be given a GBX 1.48 ($0.02) dividend. This represents a yield of 1.72%. The ex-dividend date is Thursday, October 3rd. European Assets Trust’s dividend payout ratio (DPR) is 6,000.00%.

Insiders Place Their Bets

In other news, insider Kate Cornish Bowden bought 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was purchased at an average price of GBX 85 ($1.10) per share, for a total transaction of £8,500 ($11,036.09). 0.82% of the stock is owned by insiders.

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.