Montanaro European Smaller (LON:MTE) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Montanaro European Smaller (LON:MTE – Get Free Report)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 176 and traded as low as GBX 175. Montanaro European Smaller shares last traded at GBX 177, with a volume of 99,501 shares.

Montanaro European Smaller Stock Performance

The business has a 50 day moving average of GBX 175.84 and a 200 day moving average of GBX 171.28. The firm has a market capitalization of £203.19 million, a price-to-earnings ratio of 39.11 and a beta of 1.43. The company has a debt-to-equity ratio of 7.54, a current ratio of 4.67 and a quick ratio of 0.12.

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Montanaro European Smaller (LON:MTE – Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported GBX 1.94 earnings per share for the quarter. Montanaro European Smaller had a return on equity of 2.78% and a net margin of 73.86%.

Insider Activity at Montanaro European Smaller

In other news, insider Gordon Neilly purchased 440 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average cost of GBX 178 per share, for a total transaction of £783.20. 0.45% of the stock is currently owned by company insiders.

Montanaro European Smaller Company Profile

(Get Free Report)

The trust aims to achieve capital growth by investing in small European quoted companies. It seeks to achieve capital growth in excess of its benchmark, the MSCI Europe SmallCap (ex-UK) Index.

Montanaro Asset Management was founded by Charles Montanaro in 1991 with a vision to bring a different approach to SmallCap investing.

We think of ourselves as an Oasis in the City. We ignore market noise and focus on identifying the highest quality businesses that we can own for the long-term.

Almost 30 years later, we manage over £3.5bn (€4bn) on behalf of our clients.

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