Henderson High Income Trust (LON:HHI) Share Price Breaks Below 50 Day Moving Average – What’s Next?

Henderson High Income Trust plc (LON:HHI)’s stock price passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of GBX 204.47 and traded as low as GBX 204. Henderson High Income Trust shares last traded at GBX 207, with a volume of 74,815 shares changing hands.

Henderson High Income Trust Price Performance

The firm has a 50-day moving average of GBX 204.47 and a 200 day moving average of GBX 200.47. The company has a market capitalization of £350.90 million, a PE ratio of 7.72 and a beta of 1.27. The company has a debt-to-equity ratio of 20.28, a current ratio of 0.19 and a quick ratio of 0.21.

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

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.