The European Smaller Companies Trust (LON:ESCT) Reaches New 12-Month High at $169.63

The European Smaller Companies Trust PLC (LON:ESCT)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 169.63 ($2.14) and last traded at GBX 169 ($2.14), with a volume of 638404 shares changing hands. The stock had previously closed at GBX 167 ($2.11).

The European Smaller Companies Trust Stock Performance

The stock has a market cap of £678.54 million, a price-to-earnings ratio of 847.50 and a beta of 1.28. The company has a debt-to-equity ratio of 13.29, a quick ratio of 0.04 and a current ratio of 0.04. The company’s 50 day simple moving average is GBX 161.62 and its 200 day simple moving average is GBX 154.21.

The European Smaller Companies Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, April 4th will be paid a dividend of GBX 1.45 ($0.02) per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 0.88%. The European Smaller Companies Trust’s payout ratio is 2,500.00%.

The European Smaller Companies Trust Company Profile

TR European Growth Trust PLC is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of Europe. It seeks to invest in stocks of companies operating across diversified sectors.