Baillie Gifford European Growth Trust (LON:BGEU) Shares Up 0.7% - Should You Buy?

Baillie Gifford European Growth Trust plc (LON:BGEU - Get Free Report)'s stock price shot up 0.7% during mid-day trading on Monday . The stock traded as high as GBX 92.60 ($1.24) and last traded at GBX 91.80 ($1.22). 150,346 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 504,285 shares. The stock had previously closed at GBX 91.20 ($1.22).

Baillie Gifford European Growth Trust Stock Performance

The business has a 50 day simple moving average of GBX 94.53 and a 200-day simple moving average of GBX 90.40. The firm has a market capitalization of £325.68 million, a price-to-earnings ratio of 7.14 and a beta of 1.06.

Baillie Gifford European Growth Trust Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 9th were given a dividend of GBX 0.60 ($0.01) per share. This is a boost from Baillie Gifford European Growth Trust's previous dividend of $0.40. This represents a yield of 0.71%. The ex-dividend date of this dividend was Thursday, January 9th. Baillie Gifford European Growth Trust's dividend payout ratio (DPR) is presently 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.