Henderson High Income Trust (LON:HHI) Shares Pass Below 50-Day Moving Average – Here’s Why

Henderson High Income Trust plc (LON:HHI) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 196.33 and traded as low as GBX 194. Henderson High Income Trust shares last traded at GBX 198.50, with a volume of 323,955 shares changing hands.

Henderson High Income Trust Trading Down 0.6%

The firm has a 50-day moving average of GBX 196.33 and a 200-day moving average of GBX 194.11. The company has a debt-to-equity ratio of 19.04, a quick ratio of 0.21 and a current ratio of 0.14. The firm has a market capitalization of £332.26 million, a P/E ratio of 5.57 and a beta of 1.27.

Henderson High Income Trust (LON:HHI) last posted its quarterly earnings results on Thursday, March 26th. The company reported GBX 11.28 earnings per share (EPS) for the quarter. Henderson High Income Trust had a return on equity of 17.99% and a net margin of 268.08%.

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. 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.