The European Smaller Companies Trust (LON:ESCT) Reaches New 52-Week High – Time to Buy?

The European Smaller Companies Trust PLC (LON:ESCTGet Free Report)’s share price reached a new 52-week high on Thursday . The company traded as high as GBX 203.50 ($2.78) and last traded at GBX 201.13 ($2.75), with a volume of 2521 shares trading hands. The stock had previously closed at GBX 201 ($2.75).

The European Smaller Companies Trust Stock Performance

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 market capitalization of £795.83 million, a price-to-earnings ratio of 9.51 and a beta of 1.25. The stock has a 50 day simple moving average of GBX 192.73 and a two-hundred day simple moving average of GBX 183.23.

The European Smaller Companies Trust Company Profile

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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.

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