Aberforth Smaller Companies Trust (LON:ASL) Hits New 1-Year High – Here’s What Happened

Aberforth Smaller Companies Trust Plc (LON:ASL) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 1,598 and last traded at GBX 1,598, with a volume of 6512 shares changing hands. The stock had previously closed at GBX 1,580.

Aberforth Smaller Companies Trust Price Performance

The firm has a market capitalization of £1.27 billion, a P/E ratio of 20.02 and a beta of 1.38. The stock has a fifty day moving average of GBX 1,537.45 and a 200 day moving average of GBX 1,535.88.

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.