European Assets Trust (LON:EAT) Shares Pass Below 200 Day Moving Average – What’s Next?

European Assets Trust PLC (LON:EAT) shares 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.

European Assets Trust Price Performance

The stock has a market capitalization of £305.02 million, a P/E ratio of 847.12 and a beta of 1.05. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.35 and a current ratio of 0.20. The firm has a 50-day moving average price of GBX 81.94 and a 200 day moving average price of GBX 83.77.

European Assets Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a dividend of GBX 1.38 ($0.02) per share. This represents a yield of 1.68%. The ex-dividend date was Thursday, January 16th. European Assets Trust’s payout ratio is currently 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.