Montanaro UK Smaller Companies (LON:MTU) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Montanaro UK Smaller Companies (LON:MTU) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 103.54 and traded as high as GBX 106. Montanaro UK Smaller Companies shares last traded at GBX 104, with a volume of 219,278 shares.

Montanaro UK Smaller Companies Stock Performance

The company has a market cap of £121.11 million, a P/E ratio of -18.77 and a beta of 0.98. The company has a quick ratio of 41.12, a current ratio of 0.37 and a debt-to-equity ratio of 9.83. The business has a fifty day simple moving average of GBX 103.54 and a two-hundred day simple moving average of GBX 100.79.

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.