Aberforth Smaller Companies Trust (LON:ASL) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Aberforth Smaller Companies Trust Plc (LON:ASL) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,620.48 and traded as high as GBX 1,674. Aberforth Smaller Companies Trust shares last traded at GBX 1,666, with a volume of 117,072 shares trading hands.

Aberforth Smaller Companies Trust Trading Up 0.5%

The stock has a market capitalization of £1.33 billion, a PE ratio of 14.20 and a beta of 1.38. The stock’s fifty day simple moving average is GBX 1,620.48 and its 200-day simple moving average is GBX 1,559.42.

Aberforth Smaller Companies Trust (LON:ASL) last released its quarterly earnings results on Thursday, January 29th. The company reported GBX 64.02 earnings per share for the quarter. Aberforth Smaller Companies Trust had a net margin of 112.81% and a return on equity of 18.22%.

Aberforth Smaller Companies Trust Company Profile

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.