The European Smaller Companies Trust (LON:ESCT) Sets New 12-Month High at $174.00

The European Smaller Companies Trust PLC (LON:ESCT)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 174 ($2.19) and last traded at GBX 173.80 ($2.18), with a volume of 328208 shares changing hands. The stock had previously closed at GBX 173.40 ($2.18).

The European Smaller Companies Trust Stock Up 0.3 %

The company has a 50-day moving average price of GBX 166.93 and a 200 day moving average price of GBX 157.86. The firm has a market capitalization of £698.19 million, a PE ratio of 867.00 and a beta of 1.28. The company has a debt-to-equity ratio of 13.29, a current ratio of 0.04 and a quick ratio of 0.04.

The European Smaller Companies Trust Cuts Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 0.88%. The European Smaller Companies Trust’s dividend payout ratio is 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.