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

Shares of Henderson Far East Income (LON:HFEL) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 239.97 and traded as low as GBX 236. Henderson Far East Income shares last traded at GBX 236, with a volume of 201,603 shares changing hands.

Henderson Far East Income Stock Performance

The company has a market capitalization of £446.17 million, a PE ratio of 8.94 and a beta of 0.60. The business has a fifty day moving average price of GBX 239.97 and a 200 day moving average price of GBX 235.38.

Henderson Far East Income (LON:HFEL) last posted its quarterly earnings results on Tuesday, November 11th. The company reported GBX 24.98 EPS 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 at Henderson Far East Income

In other Henderson Far East Income news, insider Steven Wilderspin bought 4,250 shares of Henderson Far East Income stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average price of GBX 244 per share, for a total transaction of £10,370. Insiders own 0.20% of the company’s stock.

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.