Aberforth Smaller Companies Trust (LON:ASL) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Aberforth Smaller Companies Trust Plc (LON:ASL) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,470.12 ($18.50) and traded as high as GBX 1,478 ($18.60). Aberforth Smaller Companies Trust shares last traded at GBX 1,478 ($18.60), with a volume of 41,419 shares changing hands.

Aberforth Smaller Companies Trust Price Performance

The business has a 50-day moving average price of GBX 1,468.72 and a 200 day moving average price of GBX 1,532.90. The company has a market cap of £1.24 billion, a price-to-earnings ratio of 481.31 and a beta of 1.38. The company has a current ratio of 2.10, a quick ratio of 4.86 and a debt-to-equity ratio of 6.86.

Insider Buying and Selling

In other news, insider Martin Warner acquired 5,000 shares of Aberforth Smaller Companies Trust stock in a transaction that occurred on Monday, September 30th. The stock was purchased at an average price of GBX 1,578 ($19.86) per share, with a total value of £78,900 ($99,282.75). Company insiders own 10.42% of the company’s stock.

Aberforth Smaller Companies Trust Company Profile

Aberforth Smaller Companies Trust Plc is a closed-ended equity mutual fund launched and managed by Aberforth Partners LLP. The fund invests in public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small-cap companies.