The European Smaller Companies Trust (LON:ESCT) Sets New 12-Month Low – What’s Next?

The European Smaller Companies Trust PLC (LON:ESCTGet Free Report)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 155.45 ($2.00) and last traded at GBX 159 ($2.05), with a volume of 178163 shares. The stock had previously closed at GBX 168 ($2.17).

The European Smaller Companies Trust Price Performance

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 company has a 50 day moving average of GBX 182.45 and a 200-day moving average of GBX 176.45. The firm has a market capitalization of £619.27 million, a P/E ratio of 7.40 and a beta of 1.25.

The European Smaller Companies Trust (LON:ESCTGet Free Report) last released 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 net margin of 87.06% and a return on equity of 10.91%.

The European Smaller Companies Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 3rd will be given a dividend of GBX 1.45 ($0.02) per share. The ex-dividend date is 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.

Further Reading

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