European Assets Trust (LON:EAT) Sets New 1-Year High – Here’s Why

Shares of European Assets Trust PLC (LON:EAT) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 90.60 ($1.22) and last traded at GBX 90.60 ($1.22), with a volume of 1305287 shares trading hands. The stock had previously closed at GBX 88 ($1.18).

European Assets Trust Price Performance

The company has a market capitalization of £325.84 million, a P/E ratio of 11.66 and a beta of 1.05. The stock’s fifty day simple moving average is GBX 84.91 and its 200-day simple moving average is GBX 83.08.

European Assets Trust (LON:EAT) last posted its quarterly earnings data on Thursday, April 3rd. The company reported GBX 1.78 ($0.02) earnings per share for the quarter. European Assets Trust had a return on equity of 7.51% and a net margin of 79.65%.

European Assets Trust Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 17th were given a GBX 4 ($0.05) dividend. This represents a dividend yield of 0.77%. This is a boost from European Assets Trust’s previous dividend of $1.38. The ex-dividend date was Thursday, April 17th. European Assets Trust’s dividend payout ratio is currently 77.21%.

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.