Henderson Far East Income (LON:HFEL) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Shares of Henderson Far East Income (LON:HFELGet Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 241.20 and traded as low as GBX 235. Henderson Far East Income shares last traded at GBX 238.50, with a volume of 943,933 shares traded.

Henderson Far East Income Price Performance

The stock has a market capitalization of £446.60 million, a price-to-earnings ratio of 8.95 and a beta of 0.60. The company’s 50-day simple moving average is GBX 241.20 and its 200-day simple moving average is GBX 234.30.

Henderson Far East Income (LON:HFELGet Free Report) last posted its earnings results on Tuesday, November 11th. The company reported GBX 24.98 EPS for the quarter. Henderson Far East Income had a negative return on equity of 2.82% and a net margin of 589.91%.

Insider Buying and Selling

In other news, insider Steven Wilderspin acquired 4,250 shares of the stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of GBX 244 per share, for a total transaction of £10,370. 0.20% of the stock is currently owned by corporate insiders.

Henderson Far East Income Company Profile

(Get Free Report)

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.

Further Reading

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