The European Smaller Companies Trust (LON:ESCT) Trading Down 1.2% - Time to Sell?

The European Smaller Companies Trust PLC (LON:ESCT - Get Free Report)'s stock price traded down 1.2% on Friday . The company traded as low as GBX 164.40 ($2.06) and last traded at GBX 164.40 ($2.06). 672,218 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 908,419 shares. The stock had previously closed at GBX 166.40 ($2.09).

The European Smaller Companies Trust Stock Down 1.2 %

The firm has a market capitalization of £648.44 million, a P/E ratio of 782.86 and a beta of 1.25. The business's fifty day moving average price is GBX 173.74 and its two-hundred day moving average price is GBX 178.97. 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 European Smaller Companies Trust Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be given a GBX 3.35 ($0.04) dividend. This represents a yield of 1.88%. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from The European Smaller Companies Trust's previous dividend of $1.45. The European Smaller Companies Trust's dividend payout ratio (DPR) is presently 2,380.95%.

The European Smaller Companies Trust Company Profile

TR European Growth Trust PLC is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of Europe. It seeks to invest in stocks of companies operating across diversified sectors.