The European Smaller Companies Trust (LON:ESCT) Shares Down 0.7% – Here’s Why

The European Smaller Companies Trust PLC (LON:ESCT)’s share price dropped 0.7% during trading on Friday . The company traded as low as GBX 211 and last traded at GBX 212. Approximately 1,319,305 shares changed hands during trading, an increase of 16% from the average daily volume of 1,140,036 shares. The stock had previously closed at GBX 213.50.

The European Smaller Companies Trust Trading Down 0.7%

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 firm’s fifty day moving average is GBX 210.25 and its two-hundred day moving average is GBX 211.57. The firm has a market cap of £752.31 million, a P/E ratio of 8.83 and a beta of 1.25.

The European Smaller Companies Trust (LON:ESCT) last posted its earnings results on Tuesday, October 21st. The company reported GBX 4.24 EPS for the quarter. The European Smaller Companies Trust had a net margin of 87.06% and a return on equity of 10.91%.

Insider Buying and Selling at The European Smaller Companies Trust

In other news, insider James Williams purchased 15,000 shares of The European Smaller Companies Trust stock in a transaction that occurred on Thursday, November 27th. The shares were bought at an average cost of GBX 208 per share, with a total value of £31,200. Also, insider Stuart Paterson acquired 48,587 shares of the stock in a transaction on Tuesday, November 25th. The shares were purchased at an average cost of GBX 203 per share, with a total value of £98,631.61. In the last three months, insiders have bought 81,587 shares of company stock valued at $16,781,161. 0.07% of the stock is currently owned by corporate insiders.

About The European Smaller Companies Trust

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.