European Assets Trust (LON:EAT) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

European Assets Trust PLC (LON:EAT)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 84.29 ($1.03) and traded as low as GBX 81.30 ($0.99). European Assets Trust shares last traded at GBX 82 ($1.00), with a volume of 656,215 shares traded.

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 has a market cap of £295.26 million, a P/E ratio of 820.00 and a beta of 1.05. The business has a fifty day moving average of GBX 81.82 and a 200 day moving average of GBX 84.24.

European Assets Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be given a dividend of GBX 1.38 ($0.02) per share. The ex-dividend date is Thursday, January 16th. This represents a yield of 1.68%. European Assets Trust’s dividend payout ratio (DPR) is presently 6,000.00%.

About European Assets Trust

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.