The European Smaller Companies Trust (LON:ESCT) Shares Down 3.5% – Here’s Why

The European Smaller Companies Trust PLC (LON:ESCTGet Free Report)’s share price fell 3.5% during mid-day trading on Wednesday . The company traded as low as GBX 176.80 ($2.19) and last traded at GBX 176.80 ($2.19). 1,207,417 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 1,306,555 shares. The stock had previously closed at GBX 183.20 ($2.26).

The European Smaller Companies Trust Price Performance

The company has a debt-to-equity ratio of 11.30, a quick ratio of 0.04 and a current ratio of 0.08. The company’s fifty day moving average price is GBX 170.66 and its 200 day moving average price is GBX 175.97. The firm has a market capitalization of £697.35 million, a price-to-earnings ratio of 841.90 and a beta of 1.25.

The European Smaller Companies Trust Company Profile

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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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