European Assets Trust (LON:EAT) Hits New 12-Month Low – Here’s Why

Shares of European Assets Trust PLC (LON:EAT) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 80.40 ($1.02) and last traded at GBX 80.72 ($1.03), with a volume of 407561 shares traded. The stock had previously closed at GBX 81.40 ($1.04).

European Assets Trust Stock Down 0.5 %

The company has a market cap of £289.50 million, a P/E ratio of 804.00 and a beta of 1.05. The stock’s 50-day moving average price is GBX 83.47 and its 200-day moving average price is GBX 85.95. The company has a current ratio of 0.20, a quick ratio of 1.35 and a debt-to-equity ratio of 7.34.

European Assets Trust Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 3rd were paid a GBX 1.48 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a yield of 1.72%. European Assets Trust’s dividend payout ratio (DPR) is presently 6,000.00%.

About European Assets Trust

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.