Baillie Gifford European Growth Trust (LON:BGEU) Stock Price Down 2.7% - Time to Sell?

Shares of Baillie Gifford European Growth Trust plc (LON:BGEU - Get Free Report) traded down 2.7% on Monday . The stock traded as low as GBX 91.50 ($1.19) and last traded at GBX 91.60 ($1.19). 239,841 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 551,912 shares. The stock had previously closed at GBX 94.10 ($1.22).

Baillie Gifford European Growth Trust Price Performance

The business's 50 day moving average price is GBX 96.44 and its 200 day moving average price is GBX 90.56. The stock has a market capitalization of £321.53 million, a P/E ratio of 7.05 and a beta of 1.06.

Baillie Gifford European Growth Trust Increases Dividend

The business also recently announced a dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 9th were given a GBX 0.60 ($0.01) dividend. This represents a yield of 0.71%. The ex-dividend date was Thursday, January 9th. This is an increase from Baillie Gifford European Growth Trust's previous dividend of $0.40. Baillie Gifford European Growth Trust's payout ratio is 7.58%.

About Baillie Gifford European Growth Trust

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.