Aberforth Smaller Companies Trust (LON:ASL) Reaches New 12-Month High – Here’s Why

Shares of Aberforth Smaller Companies Trust Plc (LON:ASL) reached a new 52-week high on Monday. The company traded as high as GBX 1,786 and last traded at GBX 1,780.74, with a volume of 163512 shares trading hands. The stock had previously closed at GBX 1,764.

Aberforth Smaller Companies Trust Stock Performance

The company has a debt-to-equity ratio of 6.45, a current ratio of 13.03 and a quick ratio of 4.86. The company has a market cap of £1.38 billion, a price-to-earnings ratio of 15.55 and a beta of 1.43. The business has a 50 day simple moving average of GBX 1,740.40 and a 200 day simple moving average of GBX 1,637.22.

Aberforth Smaller Companies Trust (LON:ASL) last announced its earnings results on Tuesday, July 28th. The company reported GBX 38.43 earnings per share for the quarter. Aberforth Smaller Companies Trust had a return on equity of 6.52% and a net margin of 63.47%.

About Aberforth Smaller Companies Trust

Aberforth Smaller Companies Trust Plc is a closed-ended equity mutual fund launched and managed by Aberforth Partners LLP. The fund invests in public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small-cap companies. It employs fundamental analysis with both bottom-up and top-down stock picking approaches with the focus on factors like businesses financial statements and assessment of their market positions to create its portfolio.