The European Smaller Companies Trust (LON:ESCT) Reaches New 1-Year High at $173.00

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

The European Smaller Companies Trust Stock Performance

The stock has a fifty day moving average of GBX 166.48 and a 200-day moving average of GBX 157.39. 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 stock has a market cap of £690.95 million, a PE ratio of 863.00 and a beta of 1.28.

The European Smaller Companies Trust Cuts Dividend

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