European Assets Trust (LON:EAT) Sets New 52-Week Low – Time to Sell?

European Assets Trust PLC (LON:EAT)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 73.40 ($0.95) and last traded at GBX 74.68 ($0.96), with a volume of 957777 shares changing hands. The stock had previously closed at GBX 78.40 ($1.01).

European Assets Trust Trading Down 4.7 %

The firm has a market cap of £268.58 million, a PE ratio of 9.61 and a beta of 1.05. The company has a 50 day moving average price of GBX 83.57 and a 200 day moving average price of GBX 83.09.

European Assets Trust (LON:EAT) last released its quarterly earnings data on Thursday, April 3rd. The company reported GBX 1.78 ($0.02) EPS for the quarter. European Assets Trust had a net margin of 79.65% and a return on equity of 7.51%.

European Assets Trust Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 17th will be paid a dividend of GBX 4 ($0.05) per share. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 0.77%. This is a positive change from European Assets Trust’s previous dividend of $1.38. European Assets Trust’s dividend payout ratio (DPR) is presently 77.21%.

Insider Buying and Selling at European Assets Trust

In other European Assets Trust news, insider Monica Tepes bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of GBX 85 ($1.10) per share, for a total transaction of £8,500 ($10,960.67). 0.82% of the stock is owned by insiders.

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.