Aberforth Smaller Companies Trust (LON:ASL) Stock Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• The shares of Aberforth Smaller Companies Trust crossed above its fifty-day moving average, currently at GBX 1,521.21 ($20.10), reaching a high of GBX 1,578 ($20.85) during trading.
• As of the latest trading session, the stock price stood at GBX 1,574 ($20.79), demonstrating a 1.1% decline in value.
• The company's recent earnings report indicated an earnings per share of GBX 32.64 ($0.43) with a remarkable net margin of 112.81% and return on equity of 18.22%.

Aberforth Smaller Companies Trust Plc (LON:ASL - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,521.21 ($20.22) and traded as high as GBX 1,578 ($20.97). Aberforth Smaller Companies Trust shares last traded at GBX 1,574 ($20.92), with a volume of 234,293 shares.

Aberforth Smaller Companies Trust Price Performance

The stock has a market capitalization of £1.30 billion, a price-to-earnings ratio of 5.11 and a beta of 1.38. The firm has a fifty day moving average of GBX 1,525.09 and a 200 day moving average of GBX 1,427.54.

Aberforth Smaller Companies Trust (LON:ASL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported GBX 32.64 ($0.43) EPS for the quarter. Aberforth Smaller Companies Trust had a return on equity of 18.22% and a net margin of 112.81%.

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.