The European Smaller Companies Trust (LON:ESCT) Shares Down 2.1% – Here’s What Happened

The European Smaller Companies Trust PLC (LON:ESCT)’s stock price dropped 2.1% during mid-day trading on Tuesday . The stock traded as low as GBX 165.20 ($2.10) and last traded at GBX 165.20 ($2.10). Approximately 372,111 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 888,851 shares. The stock had previously closed at GBX 168.80 ($2.15).

The European Smaller Companies Trust Stock Performance

The company has a market cap of £651.60 million, a P/E ratio of 786.67 and a beta of 1.25. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 11.30. The company has a 50 day moving average price of GBX 171.53 and a 200-day moving average price of GBX 177.29.

The European Smaller Companies Trust Increases Dividend

The business also recently announced a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, October 31st were given a GBX 3.35 ($0.04) dividend. This represents a yield of 1.88%. The ex-dividend date was Thursday, October 31st. 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 is currently 2,380.95%.

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.