Baillie Gifford European Growth Trust (LON:BGEU) Hits New 1-Year High – Here’s What Happened

Baillie Gifford European Growth Trust plc (LON:BGEU)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as GBX 110 and last traded at GBX 110, with a volume of 349438 shares traded. The stock had previously closed at GBX 109.50.

Baillie Gifford European Growth Trust Price Performance

The firm’s 50 day simple moving average is GBX 106.44 and its 200-day simple moving average is GBX 104.74. The company has a market cap of £335.46 million, a price-to-earnings ratio of 22.87 and a beta of 1.06.

Baillie Gifford European Growth Trust (LON:BGEU) last posted its earnings results on Tuesday, December 9th. The company reported GBX 0.78 earnings per share for the quarter. Baillie Gifford European Growth Trust had a return on equity of 12.17% and a net margin of 96.85%.

About Baillie Gifford European Growth Trust

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies. The fund employs fundamental analysis with a bottom-up stock selection approach, focusing on companies which seek to benefit from restructuring, cost cutting, and other profitability improvements to create its portfolio.