Henderson Far East Income (LON:HFEL) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Henderson Far East Income (LON:HFEL)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 259.48 and traded as high as GBX 281.50. Henderson Far East Income shares last traded at GBX 278, with a volume of 1,640,308 shares trading hands.

Henderson Far East Income Price 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 firm has a market cap of £574.68 million, a price-to-earnings ratio of 3.85 and a beta of 0.50. The stock has a 50-day moving average of GBX 259.48 and a two-hundred day moving average of GBX 251.12.

Henderson Far East Income (LON:HFEL) last announced its earnings results 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 company had revenue of GBX 1,998 million during 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.