European Assets Trust (LON:EAT) Shares Pass Above 50 Day Moving Average - Here's Why

Key Points

• European Assets Trust PLC shares recently crossed above their 50-day moving average at GBX 93.64, trading as high as GBX 97.
• The company announced a net margin of 79.65% and reported earnings of GBX 1.43 per share for its last quarter.
• European Assets Trust focuses on investing in small to mid-cap companies in public equity markets across Europe, excluding the UK.

European Assets Trust PLC (LON:EAT - Get Free Report)'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 93.64 ($1.26) and traded as high as GBX 97 ($1.30). European Assets Trust shares last traded at GBX 96.40 ($1.30), with a volume of 249,986 shares trading hands.

European Assets Trust Trading Up 1.5%

The stock has a 50 day simple moving average of GBX 94.27 and a 200-day simple moving average of GBX 87.16. The firm has a market capitalization of £347.41 million, a P/E ratio of 12.43 and a beta of 1.05.

European Assets Trust (LON:EAT - Get Free Report) last posted its quarterly earnings data 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%.

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.