The Global Smaller Companies Trust (LON:GSCT) Shares Down 0.6% – Here’s Why

The Global Smaller Companies Trust (LON:GSCT)’s stock price was down 0.6% during mid-day trading on Thursday . The company traded as low as GBX 161.40 ($2.04) and last traded at GBX 161.80 ($2.04). 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 Stock Up 0.1 %

The firm has a fifty day moving average of GBX 162.89 and a 200-day moving average of GBX 164.18. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 5.91. The firm has a market cap of £778.78 million, a P/E ratio of 1.31 and a beta of 1.01.

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

The Global Smaller Companies Trust Cuts Dividend

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

The Global Smaller Companies Trust Company Profile

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.