Baillie Gifford European Growth Trust (LON:BGEU) Shares Down 2.3% – Here’s Why

Shares of Baillie Gifford European Growth Trust plc (LON:BGEU) traded down 2.3% during trading on Thursday . The company traded as low as GBX 103.50 and last traded at GBX 104. 1,275,816 shares changed hands during mid-day trading, an increase of 136% from the average session volume of 539,836 shares. The stock had previously closed at GBX 106.50.

Baillie Gifford European Growth Trust Trading Down 2.3%

The firm’s 50 day simple moving average is GBX 107.75 and its 200-day simple moving average is GBX 105.45. The stock has a market capitalization of £313.84 million, a price-to-earnings ratio of 21.62 and a beta of 1.06.

Baillie Gifford European Growth Trust (LON:BGEU) last announced its quarterly earnings data on Tuesday, December 9th. The company reported GBX 0.78 earnings per share for the quarter. Baillie Gifford European Growth Trust had a return on equity of 12.17% and a net margin of 96.85%.

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. 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.