Henderson High Income Trust (LON:HHI) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Henderson High Income Trust plc (LON:HHIGet Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 198.06 and traded as low as GBX 197.72. Henderson High Income Trust shares last traded at GBX 199.75, with a volume of 187,244 shares trading hands.

Henderson High Income Trust Price Performance

The company has a current ratio of 0.14, a quick ratio of 0.21 and a debt-to-equity ratio of 19.04. The stock has a market cap of £339.04 million, a PE ratio of 5.69 and a beta of 1.27. The company’s 50 day moving average is GBX 198.06 and its 200-day moving average is GBX 196.07.

About Henderson High Income Trust

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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.

Further Reading

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