The European Smaller Companies Trust (LON:ESCT) Hits New 12-Month High – Time to Buy?

The European Smaller Companies Trust PLC (LON:ESCT)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 226.50 and last traded at GBX 224.92, with a volume of 15759 shares traded. The stock had previously closed at GBX 226.

The European Smaller Companies Trust Stock Performance

The company’s fifty day moving average is GBX 214.11 and its two-hundred day moving average is GBX 213.86. 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 stock has a market cap of £796.66 million, a price-to-earnings ratio of 9.41 and a beta of 1.25.

Insider Activity

In other news, insider Daniel Burgess acquired 18,000 shares of The European Smaller Companies Trust stock in a transaction dated Friday, December 5th. The shares were acquired at an average cost of GBX 211 per share, for a total transaction of £37,980. Also, insider Stuart Paterson bought 48,587 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were purchased at an average price 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 worth $16,781,161. 0.08% of the stock is currently owned by corporate insiders.

The European Smaller Companies Trust Company Profile

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.