Aberforth Smaller Companies Trust (LON:ASL) Sets New 1-Year High – Time to Buy?

Aberforth Smaller Companies Trust Plc (LON:ASL) shares hit a new 52-week high on Monday. The company traded as high as GBX 1,878.68 and last traded at GBX 1,877.60, with a volume of 96,599 shares changing hands. The stock had previously closed at GBX 1,852.

Aberforth Smaller Companies Trust Price Performance

The company has a market cap of £1.42 billion, a price-to-earnings ratio of 16.21 and a beta of 1.39. The company has a 50-day simple moving average of GBX 1,779.90 and a 200-day simple moving average of GBX 1,680.74. The company has a debt-to-equity ratio of 6.45, a quick ratio of 4.86 and a current ratio of 13.03.

Aberforth Smaller Companies Trust (LON:ASL) last posted its quarterly earnings results on Tuesday, July 28th. The company reported GBX 38.43 EPS 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.