Henderson Far East Income (LON:HFEL) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Henderson Far East Income (LON:HFEL) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 266.99 and traded as low as GBX 261. Henderson Far East Income shares last traded at GBX 263.19, with a volume of 3,420,966 shares.

Henderson Far East Income Stock Down 2.5%

The business has a 50-day moving average price of GBX 266.99 and a 200 day moving average price of GBX 255.45. The company has a current ratio of 0.68, a quick ratio of 0.69 and a debt-to-equity ratio of 9.61. The stock has a market capitalization of £553.77 million, a P/E ratio of 3.65 and a beta of 0.52.

Henderson Far East Income (LON:HFEL) last announced its quarterly earnings results on Wednesday, April 15th. The company reported GBX 8.69 earnings per share for the quarter. The company had revenue of GBX 1,998 million for the quarter. Henderson Far East Income had a net margin of 92.44% and a return on equity of 28.74%.

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.