European Assets Trust (LON:EAT) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• Shares of European Assets Trust PLC have crossed above their fifty-day moving average, currently trading at GBX 95.60 ($1.28).
• The stock has a market capitalization of £344.36 million and a price-to-earnings ratio of 12.32.
• European Assets Trust primarily invests in small and mid-cap companies across 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 Monday . The stock has a fifty day moving average of GBX 92.71 ($1.26) and traded as high as GBX 96.40 ($1.31). European Assets Trust shares last traded at GBX 95.60 ($1.30), with a volume of 435,880 shares changing hands.

European Assets Trust Stock Performance

The company's 50 day moving average price is GBX 93.34 and its 200 day moving average price is GBX 86.64. The company has a market cap of £343.82 million, a price-to-earnings ratio of 12.30 and a beta of 1.05.

European Assets Trust (LON:EAT - Get Free Report) last issued its earnings results on Friday, August 15th. The company reported GBX 1.43 ($0.02) EPS for the quarter. European Assets Trust had a net margin of 79.65% and a return on equity of 7.51%.

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.