Montanaro European Smaller (LON:MTE) Shares Pass Above 50-Day Moving Average – Should You Sell?

Shares of Montanaro European Smaller (LON:MTE) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 143.81 ($1.86) and traded as high as GBX 146.12 ($1.90). Montanaro European Smaller shares last traded at GBX 144.50 ($1.87), with a volume of 110,950 shares.

Montanaro European Smaller Price Performance

The company has a current ratio of 0.70, a quick ratio of 0.12 and a debt-to-equity ratio of 2.98. The stock has a market capitalization of £271.83 million, a P/E ratio of 1,793.75 and a beta of 1.17. The stock has a 50 day moving average of GBX 143.83 and a 200-day moving average of GBX 141.83.

Insider Buying and Selling at Montanaro European Smaller

In other news, insider Caroline Roxburgh bought 6,855 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average cost of GBX 145 ($1.88) per share, with a total value of £9,939.75 ($12,890.35). 1.39% of the stock is currently owned by corporate insiders.

Montanaro European Smaller Company Profile

Montanaro European Smaller Companies Trust plc is an open ended equity mutual fund launched and managed by Montanaro Investment Managers Ltd. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of small-cap companies listed on London Stock Exchange.