European Opportunities Trust (LON:EOT) Stock Price Up 0.4% – Still a Buy?

Shares of European Opportunities Trust (LON:EOT) rose 0.4% during trading on Friday . The stock traded as high as GBX 852 ($11.15) and last traded at GBX 852 ($11.15). Approximately 123,519 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 182,825 shares. The stock had previously closed at GBX 849 ($11.11).

European Opportunities Trust Price Performance

The firm has a market cap of £544.77 million, a P/E ratio of 753.98 and a beta of 0.86. The firm’s fifty day simple moving average is GBX 869.44 and its 200 day simple moving average is GBX 878.47. The company has a debt-to-equity ratio of 9.14, a quick ratio of 0.11 and a current ratio of 0.14.

European Opportunities Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 7th will be paid a dividend of GBX 2 ($0.03) per share. This represents a yield of 0.22%. The ex-dividend date is Thursday, November 7th. European Opportunities Trust’s payout ratio is presently 176.99%.

European Opportunities Trust Company Profile

European Opportunities Trust plc is a closed-ended equity mutual fund launched and managed by Devon Equity Management Limited. The fund is co-managed by FundRock Management Company SA It invests in the public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors.