Henderson High Income Trust (LON:HHI) Shares Pass Above Fifty Day Moving Average – What’s Next?

Henderson High Income Trust plc (LON:HHIGet Free Report)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 201.42 and traded as high as GBX 210. Henderson High Income Trust shares last traded at GBX 207, with a volume of 149,248 shares changing hands.

Henderson High Income Trust Stock Down 0.5%

The business’s 50-day moving average price is GBX 201.42 and its 200-day moving average price is GBX 198.22. The company has a quick ratio of 0.21, a current ratio of 0.14 and a debt-to-equity ratio of 19.04. The firm has a market capitalization of £350.90 million, a PE ratio of 5.88 and a beta of 1.27.

About Henderson High Income Trust

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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. The Trust invests predominantly in companies listed in the United Kingdom and does not expect to invest more than approximately 20% of total assets in non-United Kingdom listed companies.

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