Henderson High Income Trust (LON:HHI) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Henderson High Income Trust plc (LON:HHI)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 164.63 ($2.14) and traded as low as GBX 160.50 ($2.09). Henderson High Income Trust shares last traded at GBX 161.50 ($2.10), with a volume of 129,297 shares changing hands.

Henderson High Income Trust Trading Down 1.5 %

The business has a fifty day moving average of GBX 164.63 and a two-hundred day moving average of GBX 163.21. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.21 and a current ratio of 0.14. The firm has a market cap of £278.01 million, a price-to-earnings ratio of 702.17 and a beta of 1.07.

Insider Buying and Selling

In related news, insider Francesca Ecsery acquired 2,945 shares of Henderson High Income Trust stock in a transaction on Friday, September 27th. The shares were bought at an average price of GBX 169 ($2.20) per share, for a total transaction of £4,977.05 ($6,478.85). 4.39% of the stock is currently owned by company insiders.

About Henderson High Income Trust

Henderson High Income Trust plc is a close-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.