Baillie Gifford European Growth Trust (LON:BGEU) Hits New 52-Week High – Here’s What Happened

Shares of Baillie Gifford European Growth Trust plc (LON:BGEU) hit a new 52-week high on Thursday . The stock traded as high as GBX 111.50 and last traded at GBX 111.50, with a volume of 179558 shares changing hands. The stock had previously closed at GBX 110.

Baillie Gifford European Growth Trust Trading Down 1.3%

The stock has a 50 day simple moving average of GBX 107.28 and a 200 day simple moving average of GBX 105.40. The firm has a market capitalization of £335.46 million, a PE ratio of 22.87 and a beta of 1.06.

Baillie Gifford European Growth Trust (LON:BGEU) last issued its earnings results on Tuesday, December 9th. The company reported GBX 0.78 earnings per share (EPS) 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.