European Assets Trust (LON:EAT) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of European Assets Trust PLC (LON:EAT) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 84.98 ($1.06) and traded as low as GBX 79.61 ($1.00). European Assets Trust shares last traded at GBX 80.20 ($1.01), with a volume of 199,759 shares traded.

European Assets Trust Stock Down 0.2 %

The stock has a market capitalization of £288.78 million, a price-to-earnings ratio of 802.00 and a beta of 1.05. The business has a 50-day moving average of GBX 82.44 and a 200-day moving average of GBX 84.98. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.35 and a current ratio of 0.20.

European Assets Trust Company Profile

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.