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

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.

Montanaro European Smaller Trading Up 0.3%

The stock has a market cap of £218.84 million, a PE ratio of 39.45 and a beta of 1.47. The company has a current ratio of 4.67, a quick ratio of 0.12 and a debt-to-equity ratio of 7.54. The firm has a fifty day simple moving average of GBX 177.71 and a two-hundred day simple moving average of GBX 169.24.

Montanaro European Smaller (LON:MTE) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported GBX 1.94 EPS for the quarter. Montanaro European Smaller had a return on equity of 2.78% and a net margin of 73.86%.

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.