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

Montanaro UK Smaller Companies (LON:MTU)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 105.71 ($1.38) and traded as low as GBX 104 ($1.35). Montanaro UK Smaller Companies shares last traded at GBX 104.50 ($1.36), with a volume of 399,967 shares traded.

Montanaro UK Smaller Companies Stock Up 1.8 %

The business’s 50 day simple moving average is GBX 105.62 and its 200 day simple moving average is GBX 107.36. The company has a debt-to-equity ratio of 10.82, a current ratio of 11.57 and a quick ratio of 41.12. The company has a market capitalization of £178.13 million, a PE ratio of 981.88 and a beta of 0.98.

Montanaro UK Smaller Companies Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 17th will be given a GBX 1.22 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a yield of 1.16%. Montanaro UK Smaller Companies’s payout ratio is 4,545.45%.

Insider Buying and Selling at Montanaro UK Smaller Companies

In other Montanaro UK Smaller Companies news, insider Barbara Powley purchased 267 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of GBX 107 ($1.39) per share, for a total transaction of £285.69 ($371.90). Company insiders own 0.21% of the company’s stock.

About Montanaro UK Smaller Companies

Montanaro UK Smaller Companies Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Montanaro Investment Managers Ltd. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of small-cap companies operating across diversified sectors.