Henderson Far East Income (LON:HFEL) Shares Up 0.8% - Still a Buy?

Key Points

• Henderson Far East Income shares increased by 0.8% during mid-day trading, reaching a last traded price of GBX 246.50 ($3.29).
• The company has a market capitalization of £454.14 million and a P/E ratio of 20.66.
• Henderson Far East Income aims to provide a high level of dividend and capital appreciation from a diversified portfolio of investments in Asia Pacific markets.

Shares of Henderson Far East Income (LON:HFEL - ) shot up 0.8% during mid-day trading on Thursday . The stock traded as high as GBX 247.50 ($3.30) and last traded at GBX 246.50 ($3.29). 1,003,338 shares changed hands during mid-day trading, an increase of 48% from the average session volume of 677,844 shares. The stock had previously closed at GBX 244.50 ($3.26).

Henderson Far East Income Stock Performance

The firm has a market capitalization of £454.14 million, a P/E ratio of 20.66 and a beta of 0.60. The firm has a 50-day moving average of GBX 238.36 and a 200-day moving average of GBX 225.53.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.