European Opportunities Trust (LON:EOT) Trading Down 0.2% – Here’s Why

Shares of European Opportunities Trust (LON:EOT) traded down 0.2% during mid-day trading on Tuesday . The company traded as low as GBX 818 ($10.65) and last traded at GBX 821 ($10.69). 95,513 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 182,980 shares. The stock had previously closed at GBX 823 ($10.71).

European Opportunities Trust Stock Performance

The company has a debt-to-equity ratio of 9.14, a current ratio of 0.14 and a quick ratio of 0.11. The company has a market capitalization of £532.62 million, a PE ratio of 726.55 and a beta of 0.86. The company has a 50 day moving average of GBX 859.36 and a two-hundred day moving average of GBX 875.28.

European Opportunities Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 7th will be paid a GBX 2 ($0.03) dividend. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend is Thursday, November 7th. European Opportunities Trust’s dividend payout ratio is currently 176.99%.

About European Opportunities Trust

European Opportunities Trust plc is a closed-ended equity mutual fund launched and managed by Devon Equity Management Limited. The fund is co-managed by FundRock Management Company SA It invests in the public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors.