European Assets Trust (LON:EAT) Hits New 52-Week Low – Should You Sell?

European Assets Trust PLC (LON:EAT) shares hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 80 ($1.01) and last traded at GBX 80 ($1.01), with a volume of 304651 shares. The stock had previously closed at GBX 81.20 ($1.02).

European Assets Trust Stock Performance

The firm has a market capitalization of £291.66 million, a P/E ratio of 810.00 and a beta of 1.05. The company has a 50-day simple moving average of GBX 82.65 and a two-hundred day simple moving average of GBX 85.19. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.35 and a current ratio of 0.20.

European Assets Trust Dividend Announcement

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