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Montanaro European Smaller (LON:MTE) Shares Pass Above 50-Day Moving Average - Here's What Happened

Montanaro European Smaller logo with Financial Services background

Shares of Montanaro European Smaller (LON:MTE - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 155.69 ($2.11) and traded as high as GBX 170 ($2.30). Montanaro European Smaller shares last traded at GBX 168.50 ($2.28), with a volume of 1,997,103 shares changing hands.

Montanaro European Smaller Price Performance

The stock has a 50 day moving average of GBX 155.98 and a two-hundred day moving average of GBX 150.66. 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 firm has a market capitalization of £320.98 million, a P/E ratio of 6.13 and a beta of 1.17.

About Montanaro European Smaller

(Get Free Report)

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.

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