The Global Smaller Companies Trust (LON:GSCT) Stock Price Down 1.6% – Here’s What Happened

The Global Smaller Companies Trust (LON:GSCT)’s share price was down 1.6% during trading on Tuesday . The company traded as low as GBX 161.80 ($2.02) and last traded at GBX 161.80 ($2.02). Approximately 634,166 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 492,747 shares. The stock had previously closed at GBX 164.40 ($2.05).

The Global Smaller Companies Trust Price Performance

The firm has a market cap of £815.33 million, a P/E ratio of -2,696.67 and a beta of 1.01. The stock’s 50-day moving average is GBX 164.54 and its 200-day moving average is GBX 164.55. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 6.69.

The Global Smaller Companies Trust Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Tuesday, December 24th will be given a GBX 0.70 ($0.01) dividend. The ex-dividend date of this dividend is Tuesday, December 24th. This represents a dividend yield of 0.42%. The Global Smaller Companies Trust’s dividend payout ratio is currently -3,333.33%.

About The Global Smaller Companies Trust

BMO Global Smaller Companies PLC is a closed-ended equity mutual fund launched and managed by F&C Investment Business Ltd. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth and value stocks of small cap companies.