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

Shares of Henderson High Income Trust plc (LON:HHIGet Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 197.45 and traded as high as GBX 200. Henderson High Income Trust shares last traded at GBX 197, with a volume of 97,303 shares.

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 company has a fifty day moving average price of GBX 197.45 and a two-hundred day moving average price of GBX 195.39. The company has a market cap of £333.95 million, a price-to-earnings ratio of 5.60 and a beta of 1.27.

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.

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