Henderson Far East Income (LON:HFEL) Stock Passes Above 50-Day Moving Average – Time to Sell?

Shares of Henderson Far East Income (LON:HFEL) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 257.30 and traded as high as GBX 267.50. Henderson Far East Income shares last traded at GBX 265.50, with a volume of 691,651 shares traded.

Henderson Far East Income Stock Performance

The company has a 50-day moving average price of GBX 257.30 and a two-hundred day moving average price of GBX 249.89. The company has a current ratio of 0.68, a quick ratio of 0.69 and a debt-to-equity ratio of 9.61. The stock has a market capitalization of £548.84 million, a P/E ratio of 3.68 and a beta of 0.50.

Henderson Far East Income (LON:HFEL) last posted its quarterly earnings data on Wednesday, April 15th. The company reported GBX 8.69 earnings per share for the quarter. Henderson Far East Income had a return on equity of 28.74% and a net margin of 92.44%.The firm had revenue of GBX 1,998 million during the quarter.

About Henderson Far East Income

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.