European Assets Trust (LON:EAT) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of European Assets Trust PLC (LON:EATGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 84.98 ($1.06) and traded as low as GBX 79.61 ($1.00). European Assets Trust shares last traded at GBX 80.20 ($1.01), with a volume of 199,759 shares.

European Assets Trust Price Performance

The firm has a market cap of £288.78 million, a price-to-earnings ratio of 802.00 and a beta of 1.05. The company has a debt-to-equity ratio of 7.34, a current ratio of 0.20 and a quick ratio of 1.35. The business’s 50-day moving average price is GBX 82.44 and its two-hundred day moving average price is GBX 84.98.

About European Assets Trust

(Get Free Report)

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.

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