BlackRock Greater Europe (LON:BRGE) Trading Up 1.3% – Time to Buy?

BlackRock Greater Europe (LON:BRGE) was up 1.3% during mid-day trading on Thursday . The company traded as high as GBX 565 ($6.90) and last traded at GBX 561 ($6.85). Approximately 248,254 shares changed hands during trading, an increase of 64% from the average daily volume of 151,589 shares. The stock had previously closed at GBX 554 ($6.76).

BlackRock Greater Europe Stock Performance

The stock has a fifty day moving average of GBX 550.26 and a 200-day moving average of GBX 578.90. The company has a quick ratio of 2.71, a current ratio of 0.16 and a debt-to-equity ratio of 8.38. The stock has a market cap of £552.80 million, a PE ratio of 486.09 and a beta of 1.01.

BlackRock Greater Europe Increases Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were issued a GBX 5.25 ($0.06) dividend. The ex-dividend date was Thursday, November 21st. This represents a dividend yield of 0.95%. This is a positive change from BlackRock Greater Europe’s previous dividend of $1.75. BlackRock Greater Europe’s payout ratio is presently 608.70%.

About BlackRock Greater Europe

The Company aims to provide capital growth, primarily through investment in a focused portfolio constructed from a combination of the securities of large, mid and small capitalisation European companies, together with some investment in the developing markets of Europe.