The European Smaller Companies Trust (LON:ESCT) Stock Price Down 2.1% - Here's Why

Shares of The European Smaller Companies Trust PLC (LON:ESCT - Get Free Report) dropped 2.1% on Tuesday . The company traded as low as GBX 165.20 ($2.08) and last traded at GBX 165.20 ($2.08). Approximately 372,111 shares were traded during trading, a decline of 58% from the average daily volume of 888,851 shares. The stock had previously closed at GBX 168.80 ($2.12).

The European Smaller Companies Trust Stock Up 0.8 %

The stock has a market capitalization of £657.12 million, a price-to-earnings ratio of 793.33 and a beta of 1.25. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 11.30. The firm has a 50-day moving average of GBX 171.33 and a two-hundred day moving average of GBX 177.22.

The European Smaller Companies Trust Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, October 31st were issued a GBX 3.35 ($0.04) dividend. This is an increase from The European Smaller Companies Trust's previous dividend of $1.45. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 1.88%. The European Smaller Companies Trust's dividend payout ratio is currently 2,380.95%.

About The European Smaller Companies Trust

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.