Montanaro European Smaller (LON:MTE) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Montanaro European Smaller (LON:MTE) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Montanaro European Smaller Trading Down 1.0 %

The firm has a market capitalization of £288.17 million, a price-to-earnings ratio of 5.51 and a beta of 1.17. The company has a debt-to-equity ratio of 2.64, a current ratio of 3.68 and a quick ratio of 0.12. The firm’s 50-day simple moving average is GBX 149.08 and its 200 day simple moving average is GBX 144.79.

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 announced a dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Thursday, December 19th were given a GBX 0.30 ($0.00) dividend. The ex-dividend date was Thursday, December 19th. This represents a yield of 0.21%. Montanaro European Smaller’s dividend payout ratio is currently 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.