European Assets Trust (LON:EAT) Hits New 52-Week High - Should You Buy?

European Assets Trust PLC (LON:EAT - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 96 ($1.29) and last traded at GBX 95.60 ($1.28), with a volume of 801370 shares changing hands. The stock had previously closed at GBX 95 ($1.28).

European Assets Trust Stock Performance

The stock has a market capitalization of £343.82 million, a price-to-earnings ratio of 12.30 and a beta of 1.05. The company has a fifty day simple moving average of GBX 88.59 and a two-hundred day simple moving average of GBX 84.26.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.