Montanaro European Smaller (LON:MTE) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Montanaro European Smaller (LON:MTE) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 149.08 ($1.87) and traded as high as GBX 153.50 ($1.93). Montanaro European Smaller shares last traded at GBX 151.50 ($1.91), with a volume of 209,514 shares traded.

Montanaro European Smaller Stock Performance

The company has a 50-day moving average price of GBX 149.08 and a two-hundred day moving average price of GBX 144.79. The company has a current ratio of 3.68, a quick ratio of 0.12 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of £288.17 million, a P/E ratio of 5.51 and a beta of 1.17.

Montanaro European Smaller (LON:MTE) last announced its quarterly earnings data on Thursday, December 12th. The company reported GBX 1.56 ($0.02) EPS for the quarter. Montanaro European Smaller had a net margin of 92.90% and a return on equity of 16.87%.

Montanaro European Smaller Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Thursday, December 19th were given a dividend of GBX 0.30 ($0.00) per share. The ex-dividend date was Thursday, December 19th. This represents a dividend yield of 0.21%. Montanaro European Smaller’s dividend payout ratio (DPR) is presently 3.63%.

About Montanaro European Smaller

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.