European Assets Trust (LON:EAT) Stock Crosses Below 200 Day Moving Average – Time to Sell?

European Assets Trust PLC (LON:EAT)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 82.55 ($1.08) and traded as low as GBX 75.72 ($0.99). European Assets Trust shares last traded at GBX 77 ($1.01), with a volume of 301,591 shares changing hands.

European Assets Trust Stock Up 0.8 %

The company’s 50 day simple moving average is GBX 82.21 and its 200-day simple moving average is GBX 82.55. The firm has a market cap of £276.92 million, a P/E ratio of 9.91 and a beta of 1.05.

European Assets Trust (LON:EAT) last released its earnings results on Thursday, April 3rd. The company reported GBX 1.78 ($0.02) earnings per share for the quarter. European Assets Trust had a return on equity of 7.51% and a net margin of 79.65%.

European Assets Trust Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 17th will be issued a GBX 4 ($0.05) dividend. This represents a dividend yield of 0.77%. This is a boost from European Assets Trust’s previous dividend of $1.38. The ex-dividend date is Thursday, April 17th. European Assets Trust’s dividend payout ratio is currently 77.21%.

Insider Activity at European Assets Trust

In other European Assets Trust news, insider Monica Tepes acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average cost of GBX 85 ($1.11) per share, with a total value of £8,500 ($11,125.65). 0.82% of the stock is currently owned by corporate insiders.

About European Assets Trust

European Assets Trust PLC is a closed-ended equity mutual fund launched and managed by F&C Investment Business Limited. The fund invests in the public equity markets of Europe, excluding the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of small and mid cap companies with a market capitalization below that of the largest company in the Euromoney Smaller European Companies (ex UK) Index or below Euro 2.5 billion.