European Assets Trust (LON:EAT) Share Price Passes Below 200-Day Moving Average – Time to Sell?

European Assets Trust PLC (LON:EAT) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 84.29 ($1.04) and traded as low as GBX 81.30 ($1.00). European Assets Trust shares last traded at GBX 82 ($1.01), with a volume of 656,215 shares traded.

European Assets Trust Price Performance

The company has a 50-day moving average of GBX 81.85 and a 200 day moving average of GBX 84.29. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.35 and a current ratio of 0.20. The firm has a market cap of £292.38 million, a P/E ratio of 812.00 and a beta of 1.05.

European Assets Trust Company Profile

European Assets Trust PLC is a closed-ended equity mutual fund launched and managed by F&C Investment Business Limited. The fund invests in the public equity markets of Europe, excluding the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of small and mid cap companies with a market capitalization below that of the largest company in the Euromoney Smaller European Companies (ex UK) Index or below Euro 2.5 billion.