The European Smaller Companies Trust (LON:ESCT) Shares Down 1.2% – Time to Sell?

Shares of The European Smaller Companies Trust PLC (LON:ESCT) dropped 1.2% on Friday . The company traded as low as GBX 164.40 ($2.06) and last traded at GBX 164.40 ($2.06). Approximately 672,218 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 908,419 shares. The stock had previously closed at GBX 166.40 ($2.09).

The European Smaller Companies Trust Stock Performance

The company has a 50-day moving average of GBX 173.74 and a 200-day moving average of GBX 178.97. The company has a market cap of £648.44 million, a PE ratio of 782.86 and a beta of 1.25. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 11.30.

The European Smaller Companies Trust Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be paid a GBX 3.35 ($0.04) dividend. This is a positive change from The European Smaller Companies Trust’s previous dividend of $1.45. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 1.88%. The European Smaller Companies Trust’s dividend payout ratio is presently 2,380.95%.

The European Smaller Companies Trust Company Profile

TR European Growth Trust PLC is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of Europe. It seeks to invest in stocks of companies operating across diversified sectors.