Henderson Far East Income (LON:HFEL) Sets New 1-Year High – What’s Next?

Henderson Far East Income (LON:HFEL) hit a new 52-week high on Tuesday . The company traded as high as GBX 256.50 and last traded at GBX 255.50, with a volume of 1663984 shares changing hands. The stock had previously closed at GBX 253.

Henderson Far East Income Stock Up 1.0%

The stock has a market capitalization of £490.75 million, a P/E ratio of 9.68 and a beta of 0.60. The company has a 50 day moving average of GBX 241.12 and a 200-day moving average of GBX 238.70.

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

Insiders Place Their Bets

In other Henderson Far East Income news, insider Steven Wilderspin bought 4,250 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of GBX 244 per share, with a total value of £10,370. 0.20% of the stock is currently owned by company insiders.

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.