Aberforth Smaller Companies Trust (LON:ASL) Reaches New 1-Year High – Here’s Why

Aberforth Smaller Companies Trust Plc (LON:ASL) shares hit a new 52-week high during trading on Friday. The stock traded as high as GBX 1,828 and last traded at GBX 1,824, with a volume of 17927 shares changing hands. The stock had previously closed at GBX 1,794.

Aberforth Smaller Companies Trust Trading Up 1.7%

The firm has a market capitalization of £1.38 billion, a price-to-earnings ratio of 15.76 and a beta of 1.43. The company has a debt-to-equity ratio of 6.45, a quick ratio of 4.86 and a current ratio of 13.03. The company has a 50 day moving average price of GBX 1,752.38 and a two-hundred day moving average price of GBX 1,650.39.

Aberforth Smaller Companies Trust (LON:ASL) last released its quarterly earnings results on Tuesday, July 28th. The company reported GBX 38.43 earnings per share (EPS) for the quarter. Aberforth Smaller Companies Trust had a net margin of 63.47% and a return on equity of 6.52%.

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. It employs fundamental analysis with both bottom-up and top-down stock picking approaches with the focus on factors like businesses financial statements and assessment of their market positions to create its portfolio.