European Opportunities Trust (LON:EOT - Get Free Report)'s share price dropped 0.9% during trading on Wednesday . The company traded as low as GBX 892 ($12.00) and last traded at GBX 892 ($12.00). Approximately 78,391 shares were traded during trading, a decline of 51% from the average daily volume of 160,658 shares. The stock had previously closed at GBX 900 ($12.11).
European Opportunities Trust Trading Up 0.3%
The stock has a 50-day moving average of GBX 852.52 and a 200 day moving average of GBX 843.56. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 9.14. The stock has a market cap of £557.11 million, a PE ratio of 6.96 and a beta of 0.86.
About European Opportunities Trust
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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.
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