Montanaro European Smaller (LON:MTE) Stock Passes Above 50-Day Moving Average – Time to Sell?

Montanaro European Smaller (LON:MTE) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 140.64 ($1.73) and traded as high as GBX 143.50 ($1.77). Montanaro European Smaller shares last traded at GBX 142 ($1.75), with a volume of 85,287 shares trading hands.

Montanaro European Smaller Stock Performance

The business’s fifty day moving average is GBX 140.64 and its 200-day moving average is GBX 141.90. The company has a quick ratio of 0.12, a current ratio of 0.70 and a debt-to-equity ratio of 2.98. The company has a market cap of £268.99 million, a PE ratio of 1,775.00 and a beta of 1.17.

Montanaro European Smaller Cuts Dividend

The firm 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. This represents a dividend yield of 0.21%. The ex-dividend date of this dividend is Thursday, December 19th. Montanaro European Smaller’s dividend payout ratio is presently 1,250.00%.

Insider Transactions at Montanaro European Smaller

In other news, insider Caroline Roxburgh bought 6,855 shares of Montanaro European Smaller stock in a transaction that occurred on Tuesday, October 22nd. The stock was bought at an average cost of GBX 145 ($1.78) per share, with a total value of £9,939.75 ($12,230.53). 1.39% of the stock is currently owned by company insiders.

Montanaro European Smaller Company Profile

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.