Montanaro European Smaller (LON:MTE) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Montanaro European Smaller (LON:MTE)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 165.33 and traded as low as GBX 155.50. Montanaro European Smaller shares last traded at GBX 156.33, with a volume of 146,815 shares changing hands.

Montanaro European Smaller Trading Down 1.6%

The company has a debt-to-equity ratio of 7.02, a current ratio of 0.27 and a quick ratio of 0.12. The firm has a fifty day simple moving average of GBX 165.33 and a two-hundred day simple moving average of GBX 167.10. The firm has a market capitalization of £201.65 million, a P/E ratio of 8.62 and a beta of 1.43.

Montanaro European Smaller Company Profile

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.