Montanaro European Smaller (LON:MTE) Shares Cross Below 50 Day Moving Average - What's Next?

Key Points

• The share price of Montanaro European Smaller (LON:MTE) fell below its fifty-day moving average of GBX 174.46, indicating potential concerns for investors.
• The company reported a net margin of 92.90% and a return on equity of 16.87%, showcasing strong profitability metrics despite its low P/E ratio of -7,609.78.
• Montanaro European Smaller is positioned to achieve capital growth by investing in small European quoted companies, targeting performance above the MSCI Europe SmallCap (ex-UK) Index.

Montanaro European Smaller (LON:MTE - Get Free Report) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 174.46 ($2.35) and traded as low as GBX 169.50 ($2.28). Montanaro European Smaller shares last traded at GBX 171.50 ($2.31), with a volume of 368,375 shares traded.

Montanaro European Smaller Stock Up 0.3%

The company has a quick ratio of 0.12, a current ratio of 3.68 and a debt-to-equity ratio of 2.64. The company has a market cap of £260.38 million, a price-to-earnings ratio of -7,622.22 and a beta of 1.17. The stock has a fifty day moving average price of GBX 174.27 and a two-hundred day moving average price of GBX 165.66.

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

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.