The European Smaller Companies Trust (LON:ESCT) Sets New 52-Week High at $173.00

The European Smaller Companies Trust PLC (LON:ESCT)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 173 ($2.14) and last traded at GBX 172.86 ($2.14), with a volume of 118045 shares changing hands. The stock had previously closed at GBX 170.60 ($2.11).

The European Smaller Companies Trust Price Performance

The firm has a 50 day moving average price of GBX 166.13 and a 200 day moving average price of GBX 157. The stock has a market cap of £692.33 million, a P/E ratio of 862.61 and a beta of 1.28. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 13.29.

The European Smaller Companies Trust Cuts Dividend

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

About The European Smaller Companies Trust

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.