Baillie Gifford European Growth Trust (LON:BGEU) Sets New 1-Year High – Here’s Why

Shares of Baillie Gifford European Growth Trust plc (LON:BGEU) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 115 and last traded at GBX 112, with a volume of 2070240 shares traded. The stock had previously closed at GBX 108.50.

Baillie Gifford European Growth Trust Trading Up 3.2%

The stock’s 50 day simple moving average is GBX 101.09 and its two-hundred day simple moving average is GBX 103.19. The stock has a market capitalization of £326.29 million, a PE ratio of 82.35 and a beta of 1.38. The company has a debt-to-equity ratio of 18.22, a current ratio of 1.03 and a quick ratio of 4.20.

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.