European Assets Trust (LON:EAT) Hits New 12-Month High - What's Next?

Shares of European Assets Trust PLC (LON:EAT - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 94.40 ($1.28) and last traded at GBX 94.20 ($1.28), with a volume of 750755 shares changing hands. The stock had previously closed at GBX 93.20 ($1.27).

European Assets Trust Stock Performance

The stock has a market capitalization of £341.66 million, a price-to-earnings ratio of 12.23 and a beta of 1.05. The company has a 50-day moving average of GBX 88.24 and a 200-day moving average of GBX 84.01.

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.