Montanaro European Smaller (LON:MTE) Stock Passes Above 50 Day Moving Average – What’s Next?

Montanaro European Smaller (LON:MTE)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 175.85 and traded as high as GBX 180. Montanaro European Smaller shares last traded at GBX 177.50, with a volume of 151,920 shares trading hands.

Montanaro European Smaller Stock Performance

The company’s fifty day moving average price is GBX 175.80 and its 200 day moving average price is GBX 170.31. The company has a market cap of £209.84 million, a PE ratio of 40.22 and a beta of 1.45. The company has a debt-to-equity ratio of 7.54, a current ratio of 4.67 and a quick ratio of 0.12.

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

About Montanaro European Smaller

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.