The European Smaller Companies Trust (LON:TRG) Trading Down 1.8% – Time to Sell?

The European Smaller Companies Trust PLC (LON:TRG) shares dropped 1.8% during mid-day trading on Thursday . The stock traded as low as GBX 175 ($2.20) and last traded at GBX 175 ($2.20). Approximately 107,418 shares changed hands during trading, a decline of 51% from the average daily volume of 221,291 shares. The stock had previously closed at GBX 178.20 ($2.24).

The European Smaller Companies Trust Stock Performance

The business’s fifty day moving average price is GBX 175 and its 200-day moving average price is GBX 175. The stock has a market cap of £701.52 million and a PE ratio of 2.13. The company has a debt-to-equity ratio of 10.60, a quick ratio of 0.01 and a current ratio of 0.04.

About The European Smaller Companies Trust

TR European Growth Trust PLC is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of Europe. It seeks to invest in stocks of companies operating across diversified sectors.