Baillie Gifford European Growth Trust (LON:BGEU) Reaches New 1-Year High – Here’s Why

Baillie Gifford European Growth Trust plc (LON:BGEU)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 111 and last traded at GBX 111, with a volume of 245715 shares trading hands. The stock had previously closed at GBX 110.50.

Baillie Gifford European Growth Trust Trading Up 0.5%

The stock has a market capitalization of £338.51 million, a PE ratio of 23.08 and a beta of 1.06. The firm has a 50-day moving average price of GBX 106.75 and a 200-day moving average price of GBX 105.09.

Baillie Gifford European Growth Trust (LON:BGEU) last posted its quarterly earnings results on Tuesday, December 9th. The company reported GBX 0.78 earnings per share for the quarter. Baillie Gifford European Growth Trust had a net margin of 96.85% and a return on equity of 12.17%.

About Baillie Gifford European Growth Trust

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies. The fund employs fundamental analysis with a bottom-up stock selection approach, focusing on companies which seek to benefit from restructuring, cost cutting, and other profitability improvements to create its portfolio.