HgCapital Trust (LON:HGT) Stock Price Passes Below 200 Day Moving Average - Here's Why

Key Points

• HgCapital Trust plc (LON:HGT) shares fell below its 200-day moving average of GBX 500.12, trading as low as GBX 490 on Tuesday.
• The firm reported an earnings per share of GBX 2.04 for the last quarter, showcasing a net margin of 91.03% and a return on equity of 11.93%.
• HgCapital Trust focuses on a portfolio of approximately 50 private companies with resilient revenue streams, emphasizing a strategic investment in software and business services.

HgCapital Trust plc (LON:HGT - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 500.12 ($6.72) and traded as low as GBX 490 ($6.59). HgCapital Trust shares last traded at GBX 499 ($6.71), with a volume of 786,759 shares traded.

HgCapital Trust Trading Down 0.1%

The firm's 50-day moving average is GBX 500.76 and its two-hundred day moving average is GBX 500.12. The stock has a market cap of £2.28 billion, a price-to-earnings ratio of 966.46 and a beta of 0.44.

HgCapital Trust (LON:HGT - Get Free Report) last released its quarterly earnings results on Monday, September 15th. The investment trust reported GBX 2.04 earnings per share for the quarter. HgCapital Trust had a net margin of 91.03% and a return on equity of 11.93%.

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.

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