The European Smaller Companies Trust (LON:ESCT) Hits New 52-Week High – Time to Buy?

The European Smaller Companies Trust PLC (LON:ESCTGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 232.66 and last traded at GBX 232.31, with a volume of 188304 shares trading hands. The stock had previously closed at GBX 227.

The European Smaller Companies Trust Price Performance

The company has a debt-to-equity ratio of 5.97, a current ratio of 0.09 and a quick ratio of 0.04. The stock has a market capitalization of £809.59 million, a price-to-earnings ratio of 4.20 and a beta of 0.93. The stock’s 50 day simple moving average is GBX 215.01 and its 200-day simple moving average is GBX 215.37.

The European Smaller Companies Trust (LON:ESCTGet Free Report) last posted its earnings results on Tuesday, February 24th. The company reported GBX 0.73 earnings per share (EPS) for the quarter. The European Smaller Companies Trust had a net margin of 74.11% and a return on equity of 29.01%.

About The European Smaller Companies Trust

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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.

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