Henderson High Income Trust (LON:HHI) Share Price Breaks Above 50-Day Moving Average – Here’s Why

Henderson High Income Trust plc (LON:HHI) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 204.15 and traded as high as GBX 207. Henderson High Income Trust shares last traded at GBX 206.97, with a volume of 158,392 shares trading hands.

Henderson High Income Trust Price Performance

The firm has a 50 day moving average price of GBX 204.15 and a two-hundred day moving average price of GBX 199.38. The company has a market cap of £345.82 million, a P/E ratio of 7.61 and a beta of 1.27. The company has a debt-to-equity ratio of 20.28, a quick ratio of 0.21 and a current ratio of 0.19.

Henderson High Income Trust (LON:HHI) last announced its quarterly earnings data on Wednesday, September 9th. The company reported GBX 6.64 earnings per share (EPS) for the quarter. Henderson High Income Trust had a return on equity of 13.14% and a net margin of 580.23%.

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.