The European Smaller Companies Trust (LON:ESCT) Sets New 12-Month High – What’s Next?

Shares of The European Smaller Companies Trust PLC (LON:ESCT) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 223.50 and last traded at GBX 222.58, with a volume of 44656 shares. The stock had previously closed at GBX 222.

The European Smaller Companies Trust Trading Up 0.3%

The firm has a 50 day moving average of GBX 211.39 and a 200 day moving average of GBX 212.66. The firm has a market cap of £785.09 million, a PE ratio of 9.27 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 European Smaller Companies Trust (LON:ESCT) last released its earnings results on Tuesday, October 21st. The company reported GBX 4.24 earnings per share (EPS) for the quarter. The European Smaller Companies Trust had a return on equity of 10.91% and a net margin of 87.06%.

Insiders Place Their Bets

In other The European Smaller Companies Trust news, insider Daniel Burgess bought 18,000 shares of the business’s stock in a transaction on Friday, December 5th. The stock was purchased at an average price of GBX 211 per share, for a total transaction of £37,980. Also, insider Stuart Paterson purchased 48,587 shares of the stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average cost of GBX 203 per share, for a total transaction of £98,631.61. Insiders acquired 81,587 shares of company stock worth $16,781,161 over the last quarter. 0.08% of the stock is currently owned by company 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.