Baillie Gifford European Growth Trust (LON:BGEU) Trading Down 2.7% – Time to Sell?

Baillie Gifford European Growth Trust plc (LON:BGEU) traded down 2.7% on Monday . The stock traded as low as GBX 91.50 ($1.18) and last traded at GBX 91.60 ($1.18). 239,841 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 551,912 shares. The stock had previously closed at GBX 94.10 ($1.22).

Baillie Gifford European Growth Trust Stock Down 2.7 %

The firm has a market cap of £316.69 million, a price-to-earnings ratio of 6.94 and a beta of 1.06. The business has a 50 day moving average price of GBX 96.37 and a 200-day moving average price of GBX 90.55.

Baillie Gifford European Growth Trust Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 9th were paid a dividend of GBX 0.60 ($0.01) per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a dividend yield of 0.71%. This is a positive change from Baillie Gifford European Growth Trust’s previous dividend of $0.40. Baillie Gifford European Growth Trust’s dividend payout ratio (DPR) is currently 7.58%.

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.