Aberforth Smaller Companies Trust (LON:ASL) Hits New 1-Year High – Time to Buy?

Aberforth Smaller Companies Trust Plc (LON:ASL)’s share price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 1,874.36 and last traded at GBX 1,866, with a volume of 170,601 shares trading hands. The stock had previously closed at GBX 1,848.

Aberforth Smaller Companies Trust Stock Performance

The stock’s 50-day moving average is GBX 1,768.82 and its 200-day moving average is GBX 1,665.57. The firm has a market capitalization of £1.41 billion, a price-to-earnings ratio of 16.08 and a beta of 1.39. The company has a current ratio of 13.03, a quick ratio of 4.86 and a debt-to-equity ratio of 6.45.

Aberforth Smaller Companies Trust (LON:ASL) last issued its quarterly earnings data 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%.

About Aberforth Smaller Companies Trust

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.