European Assets Trust (LON:EAT) Share Price Passes Below Two Hundred Day Moving Average of $86.86

European Assets Trust PLC (LON:EAT)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 86.86 ($1.15) and traded as low as GBX 85.40 ($1.13). European Assets Trust shares last traded at GBX 86.40 ($1.14), with a volume of 363,294 shares traded.

European Assets Trust Stock Performance

The business’s 50-day simple moving average is GBX 85.79 and its two-hundred day simple moving average is GBX 86.86. The firm has a market cap of £311.10 million, a price-to-earnings ratio of 864.00 and a beta of 1.05. The company has a quick ratio of 1.35, a current ratio of 0.20 and a debt-to-equity ratio of 7.34.

European Assets Trust Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 4th were given a GBX 1.48 ($0.02) dividend. The ex-dividend date was Thursday, July 4th. This represents a dividend yield of 1.69%. European Assets Trust’s dividend payout ratio (DPR) is currently 6,000.00%.

Insiders Place Their Bets

In other news, insider Kate Cornish Bowden acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of GBX 85 ($1.12) per share, for a total transaction of £8,500 ($11,228.53). Insiders own 0.82% of the company’s stock.

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.