Henderson Far East Income (LON:HFEL) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Henderson Far East Income (LON:HFEL) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 242.93 and traded as low as GBX 232.50. Henderson Far East Income shares last traded at GBX 235, with a volume of 306,522 shares changing hands.

Henderson Far East Income Price Performance

The firm has a market cap of £449.22 million, a PE ratio of 20.02 and a beta of 0.60. The business’s fifty day moving average is GBX 242.93 and its 200-day moving average is GBX 231.13.

Henderson Far East Income (LON:HFEL) last released its earnings results on Tuesday, November 11th. The company reported GBX 24.98 earnings per share for the quarter. Henderson Far East Income had a net margin of 589.91% and a negative return on equity of 2.82%.

Insider Buying and Selling

In other news, insider Steven Wilderspin acquired 4,250 shares of Henderson Far East Income stock in a transaction on Wednesday, November 12th. The stock was acquired at an average cost of GBX 244 per share, with a total value of £10,370. Insiders own 0.17% of the company’s stock.

About Henderson Far East Income

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.