Baillie Gifford European Growth Trust (LON:BGEU) Shares Down 3.1% – Here’s Why

Baillie Gifford European Growth Trust plc (LON:BGEU)’s share price was down 3.1% on Tuesday . The company traded as low as GBX 123 and last traded at GBX 123.50. 262,282 shares traded hands during trading, a decline of 63% from the average session volume of 717,810 shares. The stock had previously closed at GBX 127.50.

Baillie Gifford European Growth Trust Price Performance

The firm has a 50-day simple moving average of GBX 118.32 and a 200-day simple moving average of GBX 107.04. The firm has a market cap of £356.40 million, a P/E ratio of 90.81 and a beta of 1.40. The company has a current ratio of 1.03, a quick ratio of 4.20 and a debt-to-equity ratio of 18.22.

About Baillie Gifford European Growth Trust

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. It primarily invests in value stocks of companies. The fund employs fundamental analysis with a bottom-up stock selection approach, focusing on companies which seek to benefit from restructuring, cost cutting, and other profitability improvements to create its portfolio.