The European Smaller Companies Trust (LON:ESCT) Shares Down 2.2% – Should You Sell?

The European Smaller Companies Trust PLC (LON:ESCT)’s stock price dropped 2.2% during mid-day trading on Thursday . The company traded as low as GBX 166.10 ($2.15) and last traded at GBX 166.10 ($2.15). Approximately 183,475 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 594,638 shares. The stock had previously closed at GBX 169.80 ($2.20).

The European Smaller Companies Trust Price Performance

The company has a market capitalization of £655.15 million, a price-to-earnings ratio of 790.95 and a beta of 1.25. 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’s 50 day simple moving average is GBX 175.39 and its 200-day simple moving average is GBX 179.07.

The European Smaller Companies Trust Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 31st will be given a dividend of GBX 3.35 ($0.04) per share. The ex-dividend date is Thursday, October 31st. This represents a yield of 1.88%. This is a positive change from The European Smaller Companies Trust’s previous dividend of $1.45. The European Smaller Companies Trust’s dividend payout ratio (DPR) is 2,380.95%.

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.