Montanaro European Smaller (LON:MTE) Share Price Passes Above 50 Day Moving Average - What's Next?

Key Points

• Montanaro European Smaller shares surpassed their fifty-day moving average, reaching GBX 184.50 ($2.49) during trading, with the last price at GBX 182 ($2.46).
• The company has a market capitalization of £345.73 million, a price-to-earnings ratio of 6.61, and a debt-to-equity ratio of 2.64.
• Montanaro reported a 92.90% net margin and a return on equity of 16.87% in its latest quarterly earnings.

Montanaro European Smaller (LON:MTE - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 173.50 ($2.34) and traded as high as GBX 184.50 ($2.49). Montanaro European Smaller shares last traded at GBX 182 ($2.46), with a volume of 55,908 shares traded.

Montanaro European Smaller Stock Down 0.1%

The company has a market capitalization of £345.73 million, a price-to-earnings ratio of 6.61 and a beta of 1.17. 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 business has a 50-day moving average price of GBX 173.50 and a 200-day moving average price of GBX 159.66.

Montanaro European Smaller (LON:MTE - Get Free Report) last posted its quarterly 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 return on equity of 16.87% and a net margin of 92.90%.

About Montanaro European Smaller

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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