The European Smaller Companies Trust (LON:ESCT) Shares Down 3.5% – Here’s Why

The European Smaller Companies Trust PLC (LON:ESCT)’s stock price was down 3.5% during mid-day trading on Wednesday . The company traded as low as GBX 176.80 ($2.19) and last traded at GBX 176.80 ($2.19). Approximately 1,207,417 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 1,306,555 shares. The stock had previously closed at GBX 183.20 ($2.26).

The European Smaller Companies Trust Stock Down 3.5 %

The company has a debt-to-equity ratio of 11.30, a current ratio of 0.08 and a quick ratio of 0.04. The stock has a market capitalization of £697.35 million, a price-to-earnings ratio of 841.90 and a beta of 1.25. The firm’s fifty day moving average is GBX 170.66 and its 200-day moving average is GBX 175.97.

About The European Smaller Companies Trust

The Company’s investment objective is to achieve capital growth by investing predominantly in smaller and medium sized companies in Europe. The Company maintains a diversified portfolio. The Company invests 7% of its total assets. The Company invests in equities and other investments for long term, so as to secure its investment objective.