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

Shares of Montanaro European Smaller (LON:MTE) passed above its 50 day moving average during trading on Thursday . The stock has a 50 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 trading hands.

Montanaro European Smaller Stock Performance

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 stock has a 50 day simple moving average of GBX 140.57 and a two-hundred day simple moving average of GBX 141.91. The stock has a market capitalization of £270.88 million, a P/E ratio of 1,787.50 and a beta of 1.17.

Montanaro European Smaller Cuts Dividend

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

Insider Transactions at Montanaro European Smaller

In other Montanaro European Smaller news, insider Caroline Roxburgh bought 6,855 shares of Montanaro European Smaller stock in a transaction dated Tuesday, October 22nd. The stock was bought at an average cost of GBX 145 ($1.77) per share, for a total transaction of £9,939.75 ($12,136.45). 1.39% of the stock is currently owned by corporate 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.