Aberforth Smaller Companies Trust (LON:ASL) Sets New 52-Week High – Here’s Why

Aberforth Smaller Companies Trust Plc (LON:ASL) hit a new 52-week high on Monday . The company traded as high as GBX 1,772 and last traded at GBX 1,757.67, with a volume of 2252 shares trading hands. The stock had previously closed at GBX 1,762.

Aberforth Smaller Companies Trust Stock Down 0.1%

The firm’s fifty day moving average is GBX 1,697.22 and its two-hundred day moving average is GBX 1,619.32. The firm has a market cap of £1.36 billion, a price-to-earnings ratio of 15.21 and a beta of 1.44. The company has a debt-to-equity ratio of 6.45, a current ratio of 13.03 and a quick ratio of 4.86.

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

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.