Montanaro European Smaller (LON:MTE) Shares Pass Above 50 Day Moving Average – What’s Next?

Shares of Montanaro European Smaller (LON:MTE) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 140.61 ($1.71) and traded as high as GBX 147.38 ($1.79). Montanaro European Smaller shares last traded at GBX 146.50 ($1.78), with a volume of 288,850 shares.

Montanaro European Smaller Trading Up 0.3 %

The company has a debt-to-equity ratio of 2.98, a current ratio of 0.70 and a quick ratio of 0.12. The company’s 50 day moving average is GBX 140.61 and its two-hundred day moving average is GBX 142.07. The firm has a market cap of £277.51 million, a P/E ratio of 1,831.25 and a beta of 1.17.

Montanaro European Smaller Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Thursday, December 19th will be paid a dividend of GBX 0.30 ($0.00) per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a dividend yield of 0.21%. Montanaro European Smaller’s dividend payout ratio (DPR) is currently 1,250.00%.

Insider Transactions at Montanaro European Smaller

In other Montanaro European Smaller news, insider Caroline Roxburgh acquired 6,855 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were acquired at an average price of GBX 145 ($1.76) per share, with a total value of £9,939.75 ($12,093.62). 1.39% of the stock is owned by corporate insiders.

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.