European Opportunities Trust (LON:EOT) Trading Down 0.2% – Here’s Why

European Opportunities Trust (LON:EOT) shares fell 0.2% on Tuesday . The stock traded as low as GBX 818 ($10.65) and last traded at GBX 821 ($10.69). 95,513 shares were traded during mid-day trading, a decline of 48% from the average session volume of 182,980 shares. The stock had previously closed at GBX 823 ($10.71).

European Opportunities Trust Price Performance

The firm has a market capitalization of £532.62 million, a P/E ratio of 726.55 and a beta of 0.86. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 9.14. The firm has a 50 day moving average price of GBX 859.36 and a 200-day moving average price of GBX 875.28.

European Opportunities Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 7th will be issued a GBX 2 ($0.03) dividend. The ex-dividend date is Thursday, November 7th. This represents a dividend yield of 0.22%. European Opportunities Trust’s payout ratio is 176.99%.

European Opportunities Trust Company Profile

European Opportunities Trust plc is a closed-ended equity mutual fund launched and managed by Devon Equity Management Limited. The fund is co-managed by FundRock Management Company SA It invests in the public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors.