The European Smaller Companies Trust (LON:ESCT) Shares Up 0.6% - Here's What Happened

The European Smaller Companies Trust PLC (LON:ESCT - Get Free Report) shot up 0.6% on Thursday . The company traded as high as GBX 177.20 ($2.20) and last traded at GBX 177 ($2.20). 570,726 shares were traded during trading, a decline of 88% from the average session volume of 4,728,179 shares. The stock had previously closed at GBX 176 ($2.19).

The European Smaller Companies Trust Trading Down 0.1 %

The business has a 50-day simple moving average of GBX 172.50 and a two-hundred day simple moving average of GBX 175.65. The stock has a market cap of £697.35 million, a price-to-earnings ratio of 841.90 and a beta of 1.25. The company has a debt-to-equity ratio of 11.30, a current ratio of 0.08 and a quick ratio of 0.04.

The European Smaller Companies Trust Company Profile

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.