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

The European Smaller Companies Trust (LON:ESCT) released its quarterly earnings results on Wednesday. The company reported GBX 5.30 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 Stock Down 0.2%

Shares of LON ESCT traded down GBX 0.55 during trading hours on Wednesday, hitting GBX 232.95. 345,929 shares of the stock were exchanged, compared to its average volume of 995,355. The European Smaller Companies Trust has a 12 month low of GBX 193.80 and a 12 month high of GBX 247.21. The firm has a fifty day moving average price of GBX 236 and a 200-day moving average price of GBX 230.06. The company has a quick ratio of 0.04, a current ratio of 0.09 and a debt-to-equity ratio of 5.97. The company has a market cap of £792.23 million, a PE ratio of 4.20 and a beta of 1.28.

Insiders Place Their Bets

In other news, insider Kate Cornish Bowden purchased 459 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were acquired at an average cost of GBX 240 per share, with a total value of £1,101.60. 0.08% of the stock is currently owned by company insiders.

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.