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

European Assets Trust PLC (LON:EAT)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 84 ($1.04) and traded as low as GBX 80.91 ($1.00). European Assets Trust shares last traded at GBX 81.20 ($1.00), with a volume of 759,429 shares.

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 stock has a market cap of £292.38 million, a price-to-earnings ratio of 812.00 and a beta of 1.05. The company’s 50-day moving average is GBX 81.65 and its 200-day moving average is GBX 84.

European Assets Trust Cuts Dividend

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