European Opportunities Trust (LON:EOT) Hits New 52-Week High - Time to Buy?

Key Points

• European Opportunities Trust (LON:EOT) reached a new 52-week high of GBX 965 ($12.97) during trading, with a current market price of GBX 962 ($12.93).
• The company has a market capitalization of £598.15 million and maintains a price-to-earnings ratio of 7.48.
• Its investment policy includes restrictions such as no single holding exceeding 10% of total assets and no investments in unlisted securities or other closed-ended investment funds.

European Opportunities Trust (LON:EOT - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 965 ($12.80) and last traded at GBX 962 ($12.76), with a volume of 1378 shares. The stock had previously closed at GBX 959 ($12.72).

European Opportunities Trust Stock Performance

The stock's 50-day moving average price is GBX 922.45 and its 200-day moving average price is GBX 881.06. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 9.14. The company has a market capitalization of £582.61 million, a P/E ratio of 7.28 and a beta of 0.86.

European Opportunities Trust Company Profile

Objective of the Company The objective of the Company is to invest in securities of European companies and in sectors or geographical areas which are considered by the Investment Adviser to offer good prospects for capital growth, taking into account economic trends and business development. Investment Policy The Company will, at all times, invest and manage its assets, with the objective of spreading risk and in accordance with the following policies: Investment Restrictions Notwithstanding the broad powers of investment available to the Company as a closed-ended fund, the Board has adopted the following investment restrictions: no single holding shall constitute more than 10% of the Company's total assets (calculated at the time of investment); the Company will not invest in unlisted securities; the Company will not invest in derivative instruments, whether for efficient portfolio management, gearing or investment purposes; the Company will not invest in other listed closed-ended investment funds. the Company shall not take legal or management control over any investments in its portfolio; and not more than 50% of the Company's investments may be in securities which are not qualifying securities or government securities for the purposes of the UK ISA Regulations. Borrowing limits The Directors consider that long-term capital growth can be enhanced by the use of gearing through bank borrowings.