Montanaro European Smaller (LON:MTE) Shares Cross Above Fifty Day Moving Average of $142.08

Montanaro European Smaller (LON:MTE)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 142.08 ($1.86) and traded as high as GBX 143 ($1.87). Montanaro European Smaller shares last traded at GBX 141 ($1.84), with a volume of 817,663 shares.

Montanaro European Smaller Stock Up 1.1 %

The company has a market cap of £269.94 million, a P/E ratio of 1,762.50 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. The firm has a fifty day moving average price of GBX 142.08 and a 200 day moving average price of GBX 140.85.

Montanaro European Smaller Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be issued a dividend of GBX 0.90 ($0.01) per share. The ex-dividend date is Thursday, August 15th. This represents a yield of 0.64%. This is a positive change from Montanaro European Smaller’s previous dividend of $0.23. Montanaro European Smaller’s dividend payout ratio is currently 1,250.00%.

About Montanaro European Smaller

Montanaro European Smaller Companies Trust plc is an open ended equity mutual fund launched and managed by Montanaro Investment Managers Ltd. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of small-cap companies listed on London Stock Exchange.