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

Montanaro European Smaller (LON:MTE - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 164.91 ($2.27) and traded as high as GBX 173.50 ($2.38). Montanaro European Smaller shares last traded at GBX 173 ($2.38), with a volume of 441,668 shares trading hands.

Montanaro European Smaller Stock Performance

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's 50 day simple moving average is GBX 165.97 and its 200 day simple moving average is GBX 155.03. The firm has a market capitalization of £332.87 million, a price-to-earnings ratio of 6.36 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 (EPS) 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.