Henderson High Income Trust (LON:HHI) Stock Crosses Below Fifty Day Moving Average - Time to Sell?

Key Points

• The share price of Henderson High Income Trust (LON:HHI) has fallen below its 50-day moving average, trading at GBX 182.50 ($2.47) on Monday.
• The trust has a market capitalization of £313.44 million and a notably high price-to-earnings ratio of 1,209.00.
• Henderson High Income Trust primarily invests in a diversified selection of companies to provide investors with high dividend income while aiming for capital growth.

Henderson High Income Trust plc (LON:HHI - Get Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 181.97 ($2.47) and traded as low as GBX 181.50 ($2.46). Henderson High Income Trust shares last traded at GBX 182.50 ($2.47), with a volume of 253,620 shares.

Henderson High Income Trust Stock Performance

The stock's 50-day moving average is GBX 182.13 and its 200-day moving average is GBX 175.59. The stock has a market cap of £305.35 million, a price-to-earnings ratio of 1,177.82 and a beta of 1.07. The company has a current ratio of 0.13, a quick ratio of 0.21 and a debt-to-equity ratio of 23.55.

Henderson High Income Trust (LON:HHI - Get Free Report) last posted its earnings results on Friday, September 12th. The company reported GBX 6.64 earnings per share (EPS) for the quarter. Henderson High Income Trust had a net margin of 86.35% and a return on equity of 12.66%.

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.