Henderson European Trust (LON:HET) Hits New 1-Year Low – Time to Sell?

Henderson European Trust plc (LON:HET)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 169.48 ($2.13) and last traded at GBX 171 ($2.15), with a volume of 1205653 shares changing hands. The stock had previously closed at GBX 174 ($2.19).

Henderson European Trust Price Performance

The stock has a market cap of £567.43 million, a PE ratio of 503.28 and a beta of 0.87. The company’s 50-day simple moving average is GBX 175.58.

Henderson European Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be paid a GBX 1.30 ($0.02) dividend. The ex-dividend date is Thursday, January 2nd. This represents a yield of 0.73%. Henderson European Trust’s dividend payout ratio is currently 1,764.71%.

Insider Activity

In related news, insider Marco Bianconi acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was bought at an average cost of GBX 173 ($2.18) per share, with a total value of £1,730 ($2,175.01). Corporate insiders own 5.36% of the company’s stock.

About Henderson European Trust

Henderson European Focus Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in public equity markets of Continental Europe. It seeks to invest in stocks of companies operating across diversified sectors.