Montanaro European Smaller (LON:MTE) Shares Pass Above 50-Day Moving Average – Should You Sell?

Montanaro European Smaller (LON:MTE) passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Montanaro European Smaller Price Performance

The stock has a market capitalization of £270.88 million, a price-to-earnings ratio of 1,787.50 and a beta of 1.17. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.12 and a current ratio of 0.70. The company has a fifty day simple moving average of GBX 140.57 and a two-hundred day simple moving average of GBX 141.91.

Montanaro European Smaller Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Thursday, December 19th will be issued 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 presently 1,250.00%.

Insider Buying and Selling at Montanaro European Smaller

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

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.