European Assets Trust (LON:EAT) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Key Points

• European Assets Trust (LON:EAT) saw its shares cross above the 50-day moving average of GBX 90.39 during trading, reaching a high of GBX 96.40.
• The stock has a current market cap of £343.93 million, with a PE ratio of 12.31 and a beta of 1.05.
• European Assets Trust specializes in investing in small and mid-cap companies in the public equity markets of Europe, excluding the UK.

European Assets Trust PLC (LON:EAT - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 90.39 ($1.21) and traded as high as GBX 96.40 ($1.29). European Assets Trust shares last traded at GBX 96.20 ($1.29), with a volume of 384,487 shares trading hands.

European Assets Trust Price Performance

The stock's 50 day simple moving average is GBX 90.82 and its two-hundred day simple moving average is GBX 85.40. The stock has a market cap of £345.26 million, a P/E ratio of 12.35 and a beta of 1.05.

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.