Baillie Gifford European Growth Trust (LON:BGEU) Shares Down 2.3% – Time to Sell?

Baillie Gifford European Growth Trust plc (LON:BGEU) shares were down 2.3% during mid-day trading on Thursday . The stock traded as low as GBX 103.50 and last traded at GBX 104. Approximately 1,275,816 shares changed hands during mid-day trading, an increase of 136% from the average daily volume of 539,836 shares. The stock had previously closed at GBX 106.50.

Baillie Gifford European Growth Trust Stock Performance

The company has a market cap of £312.33 million, a price-to-earnings ratio of 21.52 and a beta of 1.06. The business has a fifty day moving average price of GBX 107.68 and a 200 day moving average price of GBX 105.42.

Baillie Gifford European Growth Trust (LON:BGEU) last released 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 return on equity of 12.17% and a net margin of 96.85%.

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.