Henderson Far East Income (LON:HFEL) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Henderson Far East Income (LON:HFEL) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 242.96 and traded as high as GBX 249. Henderson Far East Income shares last traded at GBX 246.50, with a volume of 947,735 shares traded.

Henderson Far East Income Trading Up 0.0%

The firm has a market capitalization of £473.51 million, a P/E ratio of 9.34 and a beta of 0.60. The firm has a 50 day moving average price of GBX 242.96 and a 200-day moving average price of GBX 239.35.

Henderson Far East Income (LON:HFEL) last released its earnings results on Tuesday, November 11th. The company reported GBX 24.98 earnings per share (EPS) for the quarter. Henderson Far East Income had a net margin of 589.91% and a negative return on equity of 2.82%.

Insider Transactions at Henderson Far East Income

In related news, insider Steven Wilderspin purchased 4,250 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average price of GBX 244 per share, with a total value of £10,370. 0.20% of the stock is currently owned by company insiders.

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.