Montanaro UK Smaller Companies (LON:MTU) Stock Price Up 0.4% – Still a Buy?

Shares of Montanaro UK Smaller Companies (LON:MTU) rose 0.4% on Wednesday . The stock traded as high as GBX 106.50 and last traded at GBX 104.91. Approximately 242,666 shares traded hands during trading, a decline of 17% from the average daily volume of 293,224 shares. The stock had previously closed at GBX 104.50.

Montanaro UK Smaller Companies Stock Performance

The company’s 50-day simple moving average is GBX 99.98 and its 200-day simple moving average is GBX 101.29. The company has a quick ratio of 41.12, a current ratio of 0.44 and a debt-to-equity ratio of 10.69. The stock has a market cap of £117.66 million, a price-to-earnings ratio of -18.79 and a beta of 1.23.

About Montanaro UK Smaller Companies

The Trust aims to achieve capital growth by investing in small companies listed on the London Stock Exchange or its Alternative Investment Market (AIM). It seeks relative outperformance of its benchmark, the Numis Smaller Companies 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.