European Assets Trust (LON:EAT) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

European Assets Trust PLC (LON:EAT)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 83.77 ($1.05) and traded as low as GBX 83.29 ($1.04). European Assets Trust shares last traded at GBX 84.30 ($1.05), with a volume of 269,530 shares trading hands.

European Assets Trust Price Performance

The company has a quick ratio of 1.35, a current ratio of 0.20 and a debt-to-equity ratio of 7.34. The firm’s fifty day moving average price is GBX 81.94 and its 200-day moving average price is GBX 83.77. The stock has a market cap of £305.02 million, a P/E ratio of 847.12 and a beta of 1.05.

European Assets Trust Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a GBX 1.38 ($0.02) dividend. This represents a yield of 1.68%. The ex-dividend date of this dividend was Thursday, January 16th. European Assets Trust’s dividend payout ratio (DPR) is presently 6,000.00%.

European Assets Trust Company Profile

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.