Montanaro European Smaller (LON:MTE) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Montanaro European Smaller (LON:MTE) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 177.71 and traded as high as GBX 178. Montanaro European Smaller shares last traded at GBX 177, with a volume of 91,362 shares trading hands.

Montanaro European Smaller Trading Up 0.3%

The firm’s 50 day moving average is GBX 177.71 and its 200 day moving average is GBX 169.24. The company has a market cap of £218.84 million, a PE ratio of 39.45 and a beta of 1.47. 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 earnings per share (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.