Henderson High Income Trust (LON:HHI) Shares Pass Below 200 Day Moving Average – What’s Next?

Henderson High Income Trust plc (LON:HHI)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 163.46 ($2.08) and traded as low as GBX 163 ($2.07). Henderson High Income Trust shares last traded at GBX 163 ($2.07), with a volume of 173,538 shares trading hands.

Henderson High Income Trust Stock Performance

The business’s fifty day moving average price is GBX 163.24 and its two-hundred day moving average price is GBX 163.46. 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 stock has a market capitalization of £283.17 million, a P/E ratio of 708.70 and a beta of 1.07.

Henderson High Income Trust Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, December 12th will be paid a dividend of GBX 2.68 ($0.03) per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 1.63%. Henderson High Income Trust’s payout ratio is currently 4,782.61%.

Insider Activity

In other news, insider Francesca Ecsery bought 2,945 shares of the stock in a transaction dated Friday, September 27th. The stock was purchased at an average price of GBX 169 ($2.15) per share, for a total transaction of £4,977.05 ($6,327.29). Corporate insiders own 4.39% of the company’s stock.

Henderson High Income Trust Company Profile

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.