The European Smaller Companies Trust (LON:ESCT) Shares Down 1.4% - Here's What Happened

Key Points

• The European Smaller Companies Trust PLC's shares fell by 1.4% to close at GBX 211.50 ($2.86) on Monday, with trading volumes down 68% compared to the average daily volume.
• The company has a market capitalization of £481.19 million and a notably high P/E ratio of -9,837.21, indicating financial challenges.
• The investment objective of the Trust is to achieve capital growth by primarily investing in smaller and medium-sized European companies.

The European Smaller Companies Trust PLC (LON:ESCT - )'s stock price was down 1.4% on Monday . The stock traded as low as GBX 209 ($2.82) and last traded at GBX 211.50 ($2.86). Approximately 327,859 shares changed hands during trading, a decline of 68% from the average daily volume of 1,039,241 shares. The stock had previously closed at GBX 214.50 ($2.90).

The European Smaller Companies Trust Stock Performance

The company has a market capitalization of £481.19 million, a P/E ratio of -9,837.21 and a beta of 1.25. The company has a debt-to-equity ratio of 11.30, a current ratio of 0.08 and a quick ratio of 0.04. The company has a fifty day moving average price of GBX 214.80 and a two-hundred day moving average price of GBX 199.63.

About The European Smaller Companies Trust

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.