HgCapital Trust (LON:HGT) Sets New 52-Week Low – Here’s What Happened

HgCapital Trust plc (LON:HGT)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 343 and last traded at GBX 343.48, with a volume of 446097 shares trading hands. The stock had previously closed at GBX 351.50.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated an “underperform” rating on shares of HgCapital Trust in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

HgCapital Trust Price Performance

The company has a market cap of £1.55 billion, a PE ratio of 15.95 and a beta of 0.44. The company has a fifty day moving average price of GBX 384.83 and a 200 day moving average price of GBX 444.83.

HgCapital Trust (LON:HGT) last issued its quarterly earnings data on Monday, March 9th. The investment trust reported GBX 3.13 EPS for the quarter. HgCapital Trust had a return on equity of 3.90% and a net margin of 88.67%.

HgCapital Trust Company Profile

HgT provides investors with a unique opportunity to participate in the growth in value of a portfolio of +58 private companies sourced by Hg. Value is created through implementing an investment strategy focused on software and business service companies with resilient, recurring revenue streams and from leveraging the network and expertise of Hg to support management teams to deliver the full potential of their respective businesses.
Hg brings to HgT an experienced team of c.430 employees, including >250 investment and other professional executives, supported by a network of portfolio partners, all of them seasoned senior managers from across industry, who work with the management teams of the companies in which we are invested to create value for shareholders.
At the centre of this network, Hg builds and shares knowledge and expertise by facilitating the active collaboration of management teams across sector clusters and geographies.
HgT’s funds are invested pro rata alongside those of Hg’s other institutional clients.