European Opportunities Trust (LON:EOT) Trading Up 0.1% - Still a Buy?

Key Points

• European Opportunities Trust's share price rose by 0.1% to GBX 945.92 ($12.72) during mid-day trading, with a significant decline in trading volume.
• The company reported a net margin of 88.38% and earnings per share of GBX (1.32) for its last quarterly results.
• With a market capitalization of £441.36 million, the trust has a debt-to-equity ratio of 9.14 and investment restrictions in place to manage risk effectively.

European Opportunities Trust (LON:EOT - Get Free Report)'s share price traded up 0.1% during mid-day trading on Thursday . The stock traded as high as GBX 951.37 ($12.79) and last traded at GBX 945.92 ($12.72). 34,176 shares changed hands during trading, a decline of 84% from the average session volume of 207,507 shares. The stock had previously closed at GBX 945 ($12.70).

European Opportunities Trust Stock Up 0.1%

The company has a debt-to-equity ratio of 9.14, a quick ratio of 0.11 and a current ratio of 0.14. The stock's fifty day simple moving average is GBX 932.19 and its two-hundred day simple moving average is GBX 901.05. The stock has a market capitalization of £441.36 million, a P/E ratio of -2,145.93 and a beta of 0.86.

European Opportunities Trust (LON:EOT - Get Free Report) last announced its quarterly earnings results 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%.

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.

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