The European Smaller Companies Trust (LON:ESCT) Issues Quarterly Earnings Results

The European Smaller Companies Trust (LON:ESCT) announced its quarterly earnings results on Wednesday. The company reported GBX 5.30 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The European Smaller Companies Trust had a net margin of 74.11% and a return on equity of 29.01%.

The European Smaller Companies Trust Trading Down 0.2%

LON:ESCT traded down GBX 0.50 during mid-day trading on Wednesday, reaching GBX 233. 5,673,380 shares of the company’s stock traded hands, compared to its average volume of 1,023,693. The company has a 50 day moving average price of GBX 236 and a 200-day moving average price of GBX 230.06. The firm has a market capitalization of £792.40 million, a price-to-earnings ratio of 4.20 and a beta of 1.28. The company has a debt-to-equity ratio of 5.97, a current ratio of 0.09 and a quick ratio of 0.04. The European Smaller Companies Trust has a 12-month low of GBX 193.80 and a 12-month high of GBX 247.21.

Insiders Place Their Bets

In other The European Smaller Companies Trust news, insider Kate Cornish Bowden acquired 459 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were purchased at an average cost of GBX 240 per share, for a total transaction of £1,101.60. Company insiders own 0.08% of the company’s stock.

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.