The European Smaller Companies Trust (LON:ESCT) Hits New 52-Week High – Here’s What Happened

The European Smaller Companies Trust PLC (LON:ESCTGet Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 190 ($2.46) and last traded at GBX 190 ($2.46), with a volume of 372411 shares traded. The stock had previously closed at GBX 188 ($2.44).

The European Smaller Companies Trust Stock Performance

The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 11.30. The stock has a market cap of £737.60 million, a P/E ratio of 8.82 and a beta of 1.25. The stock has a fifty day simple moving average of GBX 180.99 and a 200-day simple moving average of GBX 175.73.

The European Smaller Companies Trust (LON:ESCTGet Free Report) last issued its earnings results on Thursday, March 20th. The company reported GBX 1.19 ($0.02) earnings per share (EPS) for the quarter. The European Smaller Companies Trust had a return on equity of 10.91% and a net margin of 87.06%.

The European Smaller Companies Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 3rd will be given a dividend of GBX 1.45 ($0.02) per share. This represents a dividend yield of 0.77%. The ex-dividend date is Thursday, April 3rd. The European Smaller Companies Trust’s dividend payout ratio is currently 23.57%.

About The European Smaller Companies Trust

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The Company’s investment objective is to achieve capital growth by investing predominantly in smaller and medium sized companies in Europe. The Company maintains a diversified portfolio. The Company invests 7% of its total assets. The Company invests in equities and other investments for long term, so as to secure its investment objective.

Further Reading

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