The European Smaller Companies Trust (LON:ESCT) Stock Price Down 2.1% – Time to Sell?

The European Smaller Companies Trust PLC (LON:ESCT) shares traded down 2.1% on Tuesday . The company traded as low as GBX 165.20 ($2.06) and last traded at GBX 165.20 ($2.06). 372,111 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 888,851 shares. The stock had previously closed at GBX 168.80 ($2.11).

The European Smaller Companies Trust Price Performance

The business’s 50-day simple moving average is GBX 171.11 and its two-hundred day simple moving average is GBX 177.14. The stock has a market cap of £657.12 million, a price-to-earnings ratio of 793.33 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 Increases Dividend

The company also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, October 31st were issued a GBX 3.35 ($0.04) dividend. This represents a yield of 1.88%. The ex-dividend date was 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 is presently 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.