Baillie Gifford European Growth Trust (LON:BGEU) Stock Price Down 1% - Here's Why

Key Points

• Baillie Gifford European Growth Trust shares experienced a decline of 1%, trading as low as GBX 99.20 ($1.33) before closing at GBX 100 ($1.34).
• The stock's trading volume increased by 16%, with approximately 658,218 shares changing hands, surpassing the average daily volume of 566,659 shares.
• The company has a market capitalization of £332.03 million and a PE ratio of -659.20, indicating potential concerns about profitability.

Baillie Gifford European Growth Trust plc (LON:BGEU - ) shares dropped 1% during mid-day trading on Tuesday . The stock traded as low as GBX 99.20 ($1.33) and last traded at GBX 100 ($1.34). Approximately 658,218 shares changed hands during trading, an increase of 16% from the average daily volume of 566,659 shares. The stock had previously closed at GBX 101 ($1.35).

Baillie Gifford European Growth Trust Price Performance

The firm has a market capitalization of £332.03 million, a PE ratio of -659.20 and a beta of 1.06. The company's fifty day simple moving average is GBX 102.98 and its 200-day simple moving average is GBX 98.40.

Baillie Gifford European Growth Trust Company Profile

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.

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