Montanaro European Smaller (LON:MTE) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

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 traded.

Montanaro European Smaller Trading Up 0.3 %

The company has a market cap of £277.51 million, a P/E ratio of 1,831.25 and a beta of 1.17. The business’s 50-day moving average price is GBX 140.61 and its 200 day moving average price is GBX 142.07. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.12 and a current ratio of 0.70.

Montanaro European Smaller Cuts Dividend

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

Insider Buying and Selling at Montanaro European Smaller

In other Montanaro European Smaller news, insider Caroline Roxburgh bought 6,855 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average cost of GBX 145 ($1.76) per share, for a total transaction of £9,939.75 ($12,093.62). Corporate insiders own 1.39% of the company’s stock.

Montanaro European Smaller Company Profile

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.