European Opportunities Trust (LON:EOT) Stock Price Up 0.6% - Still a Buy?

Key Points

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European Opportunities Trust (LON:EOT - Get Free Report) shares rose 0.6% during mid-day trading on Monday . The stock traded as high as GBX 937.97 ($12.69) and last traded at GBX 937 ($12.67). Approximately 21,253 shares changed hands during trading, a decline of 91% from the average daily volume of 235,016 shares. The stock had previously closed at GBX 931 ($12.59).

European Opportunities Trust Trading Up 0.8%

The company has a debt-to-equity ratio of 9.14, a current ratio of 0.14 and a quick ratio of 0.11. The stock has a market cap of £591.31 million, a price-to-earnings ratio of 7.39 and a beta of 0.86. The company's fifty day moving average price is GBX 931.85 and its 200-day moving average price is GBX 893.03.

European Opportunities Trust (LON:EOT - Get Free Report) last posted its quarterly earnings data on Friday, August 15th. The company reported GBX (1.32) earnings per share (EPS) for the quarter. European Opportunities Trust had a net margin of 88.38% and a return on equity of 12.84%.

About European Opportunities Trust

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.