The European Smaller Companies Trust (LON:ESCT) Announces Earnings Results

The European Smaller Companies Trust (LON:ESCT) released its quarterly earnings results on Thursday. The company reported GBX 1.19 ($0.02) EPS for the quarter, Digital Look Earnings reports. The European Smaller Companies Trust had a net margin of 87.06% and a return on equity of 10.91%.

The European Smaller Companies Trust Stock Performance

Shares of ESCT stock opened at GBX 187 ($2.41) on Friday. The company has a debt-to-equity ratio of 11.30, a current ratio of 0.08 and a quick ratio of 0.04. The company has a fifty day moving average price of GBX 181.25 and a two-hundred day moving average price of GBX 175.80. The European Smaller Companies Trust has a one year low of GBX 163.40 ($2.11) and a one year high of GBX 190.65 ($2.46). The stock has a market cap of £737.60 million, a P/E ratio of 8.82 and a beta of 1.25.

The European Smaller Companies Trust Cuts Dividend

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

About The European Smaller Companies Trust

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.