The European Smaller Companies Trust PLC (LON:ESCT – Get Free Report)’s stock price dropped 2.1% during mid-day trading on Tuesday . The stock traded as low as GBX 231.50 and last traded at GBX 234. 365,740 shares changed hands during trading, a decline of 70% from the average daily volume of 1,230,995 shares. The stock had previously closed at GBX 239.
The European Smaller Companies Trust Stock Down 2.1%
The company has a debt-to-equity ratio of 5.97, a quick ratio of 0.04 and a current ratio of 0.09. The firm’s 50-day moving average is GBX 233.88 and its 200 day moving average is GBX 222.20. The firm has a market capitalization of £803.33 million, a PE ratio of 4.22 and a beta of 1.32.
Insiders Place Their Bets
In other The European Smaller Companies Trust news, insider Kate Cornish Bowden bought 445 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of GBX 245 per share, for a total transaction of £1,090.25. Company insiders own 0.08% of the company’s stock.
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.
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