Henderson High Income Trust (LON:HHI) Share Price Breaks Above 50-Day Moving Average – Here’s Why

Henderson High Income Trust plc (LON:HHI) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 204.15 and traded as high as GBX 207. Henderson High Income Trust shares last traded at GBX 206.97, with a volume of 158,392 shares.

Henderson High Income Trust Price Performance

The business’s 50 day moving average is GBX 204.15 and its two-hundred day moving average is GBX 199.38. The company has a debt-to-equity ratio of 20.28, a quick ratio of 0.21 and a current ratio of 0.19. The firm has a market capitalization of £345.82 million, a PE ratio of 7.61 and a beta of 1.27.

Henderson High Income Trust (LON:HHI) last posted its 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 return on equity of 13.14% and a net margin of 580.23%.

Henderson High Income Trust Company Profile

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.