Montanaro European Smaller (LON:MTE) Stock Passes Below 50 Day Moving Average - Here's Why

Key Points

• The Montanaro European Smaller (LON:MTE) share price has recently crossed below its 50-day moving average of GBX 176.21, trading as low as GBX 172.
• The company reported a net margin of 92.90% and a return on equity of 16.87% in its last quarterly earnings, with earnings per share at GBX 1.50.
• Montanaro European Smaller primarily focuses on achieving capital growth by investing in small European companies, aiming to outperform the MSCI Europe SmallCap (ex-UK) Index.

Montanaro European Smaller (LON:MTE - Get Free Report)'s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 176.21 ($2.39) and traded as low as GBX 172 ($2.33). Montanaro European Smaller shares last traded at GBX 172.48 ($2.34), with a volume of 335,773 shares.

Montanaro European Smaller Stock Performance

The business's fifty day moving average price is GBX 176.29 and its two-hundred day moving average price is GBX 163.10. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.12 and a current ratio of 3.68. The stock has a market capitalization of £327.17 million, a P/E ratio of 6.25 and a beta of 1.17.

Montanaro European Smaller (LON:MTE - Get Free Report) last posted its earnings results on Friday, June 20th. The company reported GBX 1.50 ($0.02) earnings per share for the quarter. Montanaro European Smaller had a net margin of 92.90% and a return on equity of 16.87%.

Montanaro European Smaller Company Profile

The trust aims to achieve capital growth by investing in small European quoted companies. It seeks to achieve capital growth in excess of its benchmark, the MSCI Europe SmallCap (ex-UK) Index. Montanaro Asset Management was founded by Charles Montanaro in 1991 with a vision to bring a different approach to SmallCap investing. We think of ourselves as an Oasis in the City.