The European Smaller Companies Trust (LON:ESCT) Sets New 52-Week High – Here’s Why

The European Smaller Companies Trust PLC (LON:ESCT) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 202.82 ($2.75) and last traded at GBX 201 ($2.72), with a volume of 160125 shares traded. The stock had previously closed at GBX 201 ($2.72).

The European Smaller Companies Trust Stock Performance

The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 11.30. The firm’s 50-day moving average is GBX 186.98 and its two-hundred day moving average is GBX 180.87. The stock has a market cap of £792.42 million, a price-to-earnings ratio of 9.47 and a beta of 1.25.

The European Smaller Companies Trust (LON:ESCT) last released its quarterly earnings results on Thursday, March 20th. The company reported GBX 1.19 ($0.02) earnings per share for the quarter. 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 Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 2nd. Shareholders of record on Thursday, April 3rd were issued a GBX 1.45 ($0.02) dividend. The ex-dividend date was Thursday, April 3rd. This represents a yield of 0.77%. 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.