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The European Smaller Companies Trust (LON:ESCT) Sets New 52-Week High - Time to Buy?

The European Smaller Companies Trust logo with Financial Services background

The European Smaller Companies Trust PLC (LON:ESCT - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 197.80 ($2.68) and last traded at GBX 196.90 ($2.67), with a volume of 13472 shares changing hands. The stock had previously closed at GBX 196.80 ($2.67).

The European Smaller Companies Trust Price Performance

The business has a 50-day moving average of GBX 183.89 and a two-hundred day moving average of GBX 178.75. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 11.30. The firm has a market cap of £771.52 million, a P/E ratio of 9.22 and a beta of 1.25.

The European Smaller Companies Trust (LON:ESCT - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported GBX 1.19 ($0.02) earnings per share (EPS) for the quarter. The European Smaller Companies Trust had a net margin of 87.06% and a return on equity of 10.91%.

The European Smaller Companies Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, May 2nd. Investors of record on Thursday, April 3rd were given a dividend of GBX 1.45 ($0.02) per share. This represents a yield of 0.77%. The ex-dividend date was Thursday, April 3rd. The European Smaller Companies Trust's dividend payout ratio is currently 23.57%.

About The European Smaller Companies Trust

(Get Free Report)

The Company's investment objective is to achieve capital growth by investing predominantly in smaller and medium sized companies in Europe. The Company maintains a diversified portfolio. The Company invests 7% of its total assets. The Company invests in equities and other investments for long term, so as to secure its investment objective.

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