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

Key Points

• Montanaro European Smaller shares crossed above their 50-day moving average, a technical signal that may suggest improved near-term momentum. The stock traded as high as GBX 176.50 and last changed hands at GBX 174.17.
• The trust’s moving averages remain close together, with the 50-day average at GBX 159.64 and the 200-day average at GBX 164.43. It has a market cap of about £217.15 million and a P/E ratio of 9.66.
• Montanaro European Smaller invests in small European quoted companies with the goal of outperforming the MSCI Europe SmallCap (ex-UK) Index. The asset manager says it focuses on high-quality businesses for long-term investing.

Shares of Montanaro European Smaller (LON:MTE - ) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 159.64 and traded as high as GBX 176.50. Montanaro European Smaller shares last traded at GBX 174.17, with a volume of 84,312 shares.

Montanaro European Smaller Price Performance

The stock's 50-day moving average is GBX 159.64 and its 200-day moving average is GBX 164.43. The firm has a market cap of £217.15 million, a P/E ratio of 9.66 and a beta of 1.18. The company has a quick ratio of 0.12, a current ratio of 0.27 and a debt-to-equity ratio of 7.02.

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. We ignore market noise and focus on identifying the highest quality businesses that we can own for the long-term. Almost 30 years later, we manage over £3.5bn (€4bn) on behalf of our clients.

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