European Assets Trust (LON:EAT) Shares Cross Above 50-Day Moving Average - Should You Sell?

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) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 92.71 ($1.25) and traded as high as GBX 96.40 ($1.30). European Assets Trust shares last traded at GBX 95.60 ($1.29), with a volume of 435,880 shares changing hands.

European Assets Trust Stock Down 0.2%

The firm has a market cap of £343.82 million, a P/E ratio of 12.30 and a beta of 1.05. The stock's 50-day simple moving average is GBX 93.20 and its 200 day simple moving average is GBX 86.56.

European Assets Trust (LON:EAT - Get Free Report) last posted its earnings results on Friday, August 15th. The company reported GBX 1.43 ($0.02) earnings per share 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.