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

The European Smaller Companies Trust PLC (LON:ESCT)’s share price reached a new 52-week high on Friday . The company traded as high as GBX 223.50 and last traded at GBX 222.58, with a volume of 44656 shares. The stock had previously closed at GBX 222.

The European Smaller Companies Trust Stock Up 0.3%

The company has a market cap of £785.09 million, a P/E ratio of 9.27 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 50 day moving average of GBX 211.39 and a 200-day moving average of GBX 212.66.

The European Smaller Companies Trust (LON:ESCT) last posted its quarterly earnings data on Tuesday, October 21st. The company reported GBX 4.24 earnings per share for the quarter. The European Smaller Companies Trust had a net margin of 87.06% and a return on equity of 10.91%.

Insider Activity

In related news, insider Stuart Paterson acquired 48,587 shares of the stock in a transaction dated Tuesday, November 25th. The shares were purchased at an average price of GBX 203 per share, for a total transaction of £98,631.61. Also, insider James Williams acquired 15,000 shares of the company’s stock in a transaction dated Thursday, November 27th. The shares were bought at an average cost of GBX 208 per share, with a total value of £31,200. In the last quarter, insiders have purchased 81,587 shares of company stock worth $16,781,161. 0.08% of the stock is currently owned by corporate insiders.

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.