Baillie Gifford European Growth Trust (LON:BGEU) Hits New 52-Week Low – Here’s Why

Shares of Baillie Gifford European Growth Trust plc (LON:BGEU) reached a new 52-week low during trading on Monday . The stock traded as low as GBX 83 ($1.04) and last traded at GBX 84.50 ($1.06), with a volume of 1096205 shares changing hands. The stock had previously closed at GBX 84.10 ($1.06).

Baillie Gifford European Growth Trust Stock Up 0.5 %

The business has a fifty day moving average of GBX 86.48 and a 200 day moving average of GBX 91.10. The company has a debt-to-equity ratio of 12.89, a current ratio of 4.16 and a quick ratio of 4.20. The stock has a market capitalization of £298.62 million, a price-to-earnings ratio of 1,207.14 and a beta of 1.06.

Baillie Gifford European Growth Trust Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 9th will be issued a GBX 0.60 ($0.01) dividend. This is a positive change from Baillie Gifford European Growth Trust’s previous dividend of $0.40. This represents a yield of 0.71%. The ex-dividend date of this dividend is Thursday, January 9th. Baillie Gifford European Growth Trust’s payout ratio is 1,428.57%.

Insider Buying and Selling at Baillie Gifford European Growth Trust

In other Baillie Gifford European Growth Trust news, insider Andrew Watkins purchased 10,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of GBX 85 ($1.07) per share, for a total transaction of £8,500 ($10,683.76). Also, insider David Barron acquired 20,600 shares of the stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of GBX 87 ($1.09) per share, with a total value of £17,922 ($22,526.40). 6.90% of the stock is currently owned by corporate insiders.

Baillie Gifford European Growth Trust Company Profile

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.