Montanaro European Smaller (LON:MTE) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Montanaro European Smaller (LON:MTEGet Free Report)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 166.20 and traded as low as GBX 164.85. Montanaro European Smaller shares last traded at GBX 166, with a volume of 305,774 shares changing hands.

Montanaro European Smaller Stock Up 0.7%

The firm has a market cap of £220.21 million, a P/E ratio of 9.32 and a beta of 1.17. The firm’s 50-day moving average price is GBX 166.20 and its 200 day moving average price is GBX 168.03. The company has a debt-to-equity ratio of 2.64, a current ratio of 3.68 and a quick ratio of 0.12.

About Montanaro European Smaller

(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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