Henderson High Income Trust (LON:HHI) Stock Passes Below 50-Day Moving Average – Time to Sell?

Henderson High Income Trust plc (LON:HHI) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 176.14 ($2.42) and traded as low as GBX 176 ($2.42). Henderson High Income Trust shares last traded at GBX 178.50 ($2.45), with a volume of 291,651 shares trading hands.

Henderson High Income Trust Stock Performance

The stock has a market cap of £308.46 million, a PE ratio of 9.06 and a beta of 1.07. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.21 and a current ratio of 0.13. The business’s fifty day moving average price is GBX 176.14 and its 200-day moving average price is GBX 168.60.

Henderson High Income Trust (LON:HHI) last issued its earnings results on Thursday, March 27th. The company reported GBX 10.74 ($0.15) earnings per share (EPS) for the quarter. Henderson High Income Trust had a net margin of 86.35% and a return on equity of 12.66%.

Insider Activity

In other Henderson High Income Trust news, insider Preeti Rathi acquired 12,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average cost of GBX 169 ($2.32) per share, with a total value of £20,280 ($27,830.38). Insiders own 4.39% of the company’s stock.

About Henderson High Income Trust

Henderson High Income Trust plc is a United Kingdom-based investment trust. The Trust invests in a diversified selection of companies to provide investors with a high dividend income stream, while also maintaining the prospect of capital growth. A substantial majority of the trust’s assets are invested in ordinary shares of listed companies with the balance in listed fixed interest stocks.