Montanaro European Smaller (LON:MTE) Stock Crosses Below Fifty Day Moving Average - Here's What Happened

Key Points

• Montanaro European Smaller's stock (LON:MTE) fell below its 50-day moving average of GBX 176.33, trading as low as GBX 171.50, and last priced at GBX 172.50.
• The company reported a debt-to-equity ratio of 2.64, a quick ratio of 0.12, and a market capitalization of £327.50 million, alongside a P/E ratio of 6.26.
• Montanaro European Smaller aims for capital growth by investing in small European quoted companies and competes against the MSCI Europe SmallCap (ex-UK) Index.

Montanaro European Smaller (LON:MTE - Get Free Report)'s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 176.33 ($2.38) and traded as low as GBX 171.50 ($2.32). Montanaro European Smaller shares last traded at GBX 172.50 ($2.33), with a volume of 369,845 shares traded.

Montanaro European Smaller Stock Performance

The stock's fifty day moving average price is GBX 176.44 and its two-hundred day moving average price is GBX 163.96. 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 company has a market cap of £323.36 million, a P/E ratio of 6.18 and a beta of 1.17.

Montanaro European Smaller (LON:MTE - Get Free Report) last issued its quarterly earnings results on Friday, June 20th. The company reported GBX 1.50 earnings per share 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.