European Assets Trust (LON:EAT) Hits New 1-Year Low – Here’s Why

Posted by Mickey Rousseau on Nov 28th, 2024

European Assets Trust PLC (LON:EAT – Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as GBX 80.40 ($1.02) and last traded at GBX 80.72 ($1.02), with a volume of 407561 shares trading hands. The stock had previously closed at GBX 81.40 ($1.03).

European Assets Trust Price Performance

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 company has a market capitalization of £290.65 million, a PE ratio of 814.00 and a beta of 1.05. The company’s 50 day moving average price is GBX 83.70 and its 200-day moving average price is GBX 86.06.

European Assets Trust Announces Dividend

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

About European Assets Trust

(Get Free Report)

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.