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

Key Points

• European Assets Trust shares reached a new 52-week high of GBX 97 ($1.31) during trading on Tuesday, reflecting a strong performance with a last trade at GBX 96.40 ($1.30).
• The company has a market capitalization of £346.69 million and reported a quarterly earnings per share (EPS) of GBX 1.43, demonstrating robust financial health with a return on equity of 7.51% and a net margin of 79.65%.
• European Assets Trust primarily invests in small and mid-cap companies within Europe, excluding the UK, focusing on diversified sectors in the public equity markets.

European Assets Trust PLC (LON:EAT - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 97 ($1.31) and last traded at GBX 96.40 ($1.30), with a volume of 249986 shares. The stock had previously closed at GBX 95.60 ($1.29).

European Assets Trust Trading Up 1.5%

The company has a market cap of £347.41 million, a PE ratio of 12.43 and a beta of 1.05. The business has a 50 day simple moving average of GBX 94.10 and a two-hundred day simple moving average of GBX 87.08.

European Assets Trust (LON:EAT - Get Free Report) last issued its quarterly earnings results on Friday, August 15th. The company reported GBX 1.43 earnings per share for the quarter. European Assets Trust had a return on equity of 7.51% and a net margin of 79.65%.

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.