Henderson Far East Income (LON:HFEL) Stock Crosses Above 50 Day Moving Average – Here’s Why

Henderson Far East Income (LON:HFEL)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 244.28 and traded as high as GBX 255. Henderson Far East Income shares last traded at GBX 253, with a volume of 495,366 shares changing hands.

Henderson Far East Income Price Performance

The business has a 50-day simple moving average of GBX 244.28 and a two-hundred day simple moving average of GBX 239.95. The stock has a market cap of £504.87 million, a price-to-earnings ratio of 9.72 and a beta of 0.60.

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

Henderson Far East Income Company Profile

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.