Henderson High Income Trust (LON:HHI) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Henderson High Income Trust plc (LON:HHIGet Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-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 changing hands.

Henderson High Income Trust Price Performance

The stock has a market cap of £338.19 million, a PE ratio of 5.67 and a beta of 1.27. The stock’s fifty day moving average is GBX 198.18 and its 200-day moving average is GBX 196.21. The company has a debt-to-equity ratio of 19.04, a current ratio of 0.14 and a quick ratio of 0.21.

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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