European Assets Trust (LON:EAT) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

European Assets Trust PLC (LON:EAT) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 93.91 ($1.26) and traded as high as GBX 99.88 ($1.34). European Assets Trust shares last traded at GBX 99.88 ($1.34), with a volume of 0 shares trading hands.

European Assets Trust Stock Up 9.5%

The stock has a market cap of £359.63 million, a price-to-earnings ratio of 14.86 and a beta of 1.05. The business has a 50-day moving average of GBX 93.91 and a 200-day moving average of GBX 89.96.

European Assets Trust (LON:EAT) last released its quarterly earnings data on Friday, August 15th. The company reported GBX 1.43 earnings per share (EPS) for the quarter. European Assets Trust had a return on equity of 7.51% and a net margin of 79.65%.

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.