The European Smaller Companies Trust PLC (LON:ESCT - Get Free Report)'s share price shot up 0.7% during trading on Monday . The company traded as high as GBX 184.15 ($2.44) and last traded at GBX 183 ($2.43). 325,859 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 1,605,537 shares. The stock had previously closed at GBX 181.80 ($2.41).
The European Smaller Companies Trust Stock Performance
The firm's 50-day simple moving average is GBX 181.10 and its two-hundred day simple moving average is GBX 176.52. 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 stock has a market capitalization of £749.43 million, a PE ratio of 8.96 and a beta of 1.25.
The European Smaller Companies Trust (LON:ESCT - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported GBX 1.19 ($0.02) earnings per share for the quarter. The European Smaller Companies Trust had a return on equity of 10.91% and a net margin of 87.06%.
The European Smaller Companies Trust Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, May 2nd. Stockholders of record on Thursday, April 3rd were issued a GBX 1.45 ($0.02) dividend. The ex-dividend date was Thursday, April 3rd. This represents a dividend yield of 0.77%. The European Smaller Companies Trust's dividend payout ratio is 23.57%.
The European Smaller Companies Trust Company Profile
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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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