HgCapital Trust (LON:HGT) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Shares of HgCapital Trust plc crossed above their 200-day moving average during trading, rising to a high of GBX 507 ($6.82).
• The trust has a market capitalization of £2.32 billion and a price-to-earnings ratio of 8.26, indicating a relatively low valuation compared to earnings.
• The top 20 businesses in HgCapital Trust's portfolio, which represent 76% by value of its investments, reported significant sales and EBITDA, reflecting strong cash flows and healthy margins.

Shares of HgCapital Trust plc (LON:HGT - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 505.93 ($6.82) and traded as high as GBX 507 ($6.84). HgCapital Trust shares last traded at GBX 497.50 ($6.71), with a volume of 565,724 shares changing hands.

HgCapital Trust Price Performance

The stock has a 50-day simple moving average of GBX 507.88 and a 200-day simple moving average of GBX 505.43. The stock has a market cap of £2.33 billion, a PE ratio of 8.32 and a beta of 0.44.

About HgCapital Trust

HgT provides investors with a unique opportunity to participate in the growth in value of a portfolio of c.50 private companies sourced by Hg. Value is created through implementing an investment strategy focused on software and business service companies with resilient, recurring revenue streams and from leveraging the network and expertise of Hg to support management teams to deliver the full potential of their respective businesses. With highly predictable and stable cash flows, the top 20 businesses (representing 76% by value of HGT's investments) reported aggregate sales of £10.6 billion and EBITDA of £3.3 billion over the last 12 months, equating to an EBITDA margin of 31%. Hg brings to HgT an experienced team of c.400 employees, including c.