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

Henderson High Income Trust plc (LON:HHI) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 197.87 and traded as low as GBX 190.50. Henderson High Income Trust shares last traded at GBX 194.50, with a volume of 213,537 shares.

Henderson High Income Trust Stock Performance

The company has a debt-to-equity ratio of 20.07, a quick ratio of 0.21 and a current ratio of 0.16. The firm has a 50 day moving average price of GBX 197.87 and a two-hundred day moving average price of GBX 188.99. The company has a market capitalization of £329.71 million, a P/E ratio of 7.65 and a beta of 1.29.

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.