Aberforth Smaller Companies Trust (LON:ASL) Posts Quarterly Earnings Results

Key Points

• Aberforth Smaller Companies Trust reported an earnings per share (EPS) of GBX 32.64 ($0.44) for the quarter, with a notable return on equity of 18.22%.
• Despite a strong performance, the stock price fell by 0.6% and is currently trading at GBX 1,540 ($20.57).
• The company has a market capitalization of £1.29 billion and a P/E ratio of 5.06, indicating potential value in its stock pricing.

Aberforth Smaller Companies Trust (LON:ASL - Get Free Report) released its earnings results on Tuesday. The company reported GBX 32.64 ($0.43) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Aberforth Smaller Companies Trust had a net margin of 112.81% and a return on equity of 18.22%.

Aberforth Smaller Companies Trust Stock Down 1.0%

Shares of ASL stock traded down GBX 16 ($0.21) during trading hours on Friday, hitting GBX 1,558 ($20.68). 127,137 shares of the company's stock traded hands, compared to its average volume of 161,084. The stock's fifty day simple moving average is GBX 1,523.13 and its two-hundred day simple moving average is GBX 1,426.75. Aberforth Smaller Companies Trust has a 12-month low of GBX 1,162 ($15.42) and a 12-month high of GBX 1,680 ($22.30). The stock has a market cap of £1.30 billion, a price-to-earnings ratio of 5.12 and a beta of 1.38.

About Aberforth Smaller Companies Trust

Aberforth Smaller Companies Trust Plc is a closed-ended equity mutual fund launched and managed by Aberforth Partners LLP. The fund invests in public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small-cap companies.