Henderson Far East Income (LON:HFEL) Shares Pass Below 50-Day Moving Average – Here’s Why

Henderson Far East Income (LON:HFEL)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 266.99 and traded as low as GBX 261. Henderson Far East Income shares last traded at GBX 263.19, with a volume of 3,420,966 shares changing hands.

Henderson Far East Income Stock Performance

The company has a current ratio of 0.68, a quick ratio of 0.69 and a debt-to-equity ratio of 9.61. The company has a market cap of £553.77 million, a PE ratio of 3.65 and a beta of 0.52. The firm’s 50-day simple moving average is GBX 266.99 and its two-hundred day simple moving average is GBX 255.45.

Henderson Far East Income (LON:HFEL) last released its quarterly earnings data on Wednesday, April 15th. The company reported GBX 8.69 EPS for the quarter. Henderson Far East Income had a net margin of 92.44% and a return on equity of 28.74%. The business had revenue of GBX 1,998 million for the quarter.

About Henderson Far East Income

Henderson Far East Income aims to provide a high level of dividend as well as capital appreciation from a diversified portfolio of investments traded on the Pacific, Australasian, Japanese and Indian stock markets. It makes investments in a diversified portfolio of securities issued by companies listed on stock exchanges in, or which are based in or the business activities are concentrated on the Asia Pacific region or by governments in the Asia Pacific region.