Montanaro European Smaller (LON:MTE) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Montanaro European Smaller (LON:MTE)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 140.64 ($1.72) and traded as high as GBX 143.50 ($1.75). Montanaro European Smaller shares last traded at GBX 142 ($1.73), with a volume of 85,287 shares.

Montanaro European Smaller Trading Up 0.7 %

The stock has a market capitalization of £270.88 million, a PE ratio of 1,787.50 and a beta of 1.17. The firm has a 50 day moving average price of GBX 140.57 and a 200 day moving average price of GBX 141.91. The company has a quick ratio of 0.12, a current ratio of 0.70 and a debt-to-equity ratio of 2.98.

Montanaro European Smaller Cuts Dividend

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

Insider Transactions at Montanaro European Smaller

In other Montanaro European Smaller news, insider Caroline Roxburgh purchased 6,855 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was bought at an average cost of GBX 145 ($1.77) per share, with a total value of £9,939.75 ($12,136.45). Company insiders own 1.39% of the company’s stock.

About Montanaro European Smaller

Montanaro European Smaller Companies Trust plc is an open ended equity mutual fund launched and managed by Montanaro Investment Managers Ltd. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of small-cap companies listed on London Stock Exchange.