The Global Smaller Companies Trust (LON:GSCT) Stock Price Down 0.6% – Here’s What Happened

The Global Smaller Companies Trust (LON:GSCT)’s share price was down 0.6% on Thursday . The company traded as low as GBX 161.40 ($2.05) and last traded at GBX 161.80 ($2.05). Approximately 487,309 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 815,330 shares. The stock had previously closed at GBX 162.80 ($2.06).

The Global Smaller Companies Trust Price Performance

The company has a debt-to-equity ratio of 5.91, a current ratio of 0.81 and a quick ratio of 0.64. The stock has a market cap of £777.82 million, a price-to-earnings ratio of 1.31 and a beta of 1.01. The business’s 50-day simple moving average is GBX 163.02 and its two-hundred day simple moving average is GBX 164.17.

The Global Smaller Companies Trust (LON:GSCT) last issued its quarterly earnings results on Tuesday, December 17th. The company reported GBX 1.45 ($0.02) EPS for the quarter. The Global Smaller Companies Trust had a net margin of 845.39% and a return on equity of 77.62%.

The Global Smaller Companies Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 23rd. Stockholders of record on Tuesday, December 24th were issued a dividend of GBX 0.70 ($0.01) per share. The ex-dividend date was Tuesday, December 24th. This represents a dividend yield of 0.42%. The Global Smaller Companies Trust’s dividend payout ratio (DPR) is presently 1.61%.

About The Global Smaller Companies Trust

The trust offers investor access to a broadly spread global smaller companies portfolio. The portfolio consists of individual smaller company investments within the US, UK and European markets, and fund holdings targeting smaller companies in Japan, Asia, Latin America and other smaller territories. The dividend of the Company has risen for 53 years in a row, benefiting from a growing income stream from the investment portfolio.

Past performance is not a guide to future performance.