Baillie Gifford European Growth Trust (LON:BGEU) Trading Down 1.9% – Here’s Why

Baillie Gifford European Growth Trust plc (LON:BGEU)’s stock price fell 1.9% on Friday . The company traded as low as GBX 93 and last traded at GBX 93.21. 758,702 shares traded hands during trading, an increase of 40% from the average session volume of 543,521 shares. The stock had previously closed at GBX 95.

Baillie Gifford European Growth Trust Trading Down 1.9%

The company’s fifty day simple moving average is GBX 103.13 and its 200-day simple moving average is GBX 105.21. The firm has a market capitalization of £279.31 million, a PE ratio of 19.38 and a beta of 1.39. The company has a debt-to-equity ratio of 14.77, a current ratio of 1.63 and a quick ratio of 4.20.

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.