Henderson Far East Income (LON:HFEL) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Henderson Far East Income (LON:HFEL)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 229.31 ($2.99) and traded as low as GBX 226 ($2.94). Henderson Far East Income shares last traded at GBX 228.50 ($2.97), with a volume of 663,805 shares traded.

Henderson Far East Income Stock Down 0.4 %

The company has a debt-to-equity ratio of 9.65, a quick ratio of 0.69 and a current ratio of 0.49. The business’s 50 day moving average price is GBX 229.32 and its 200 day moving average price is GBX 232.01. The firm has a market cap of £375.24 million, a price-to-earnings ratio of -3,250.00 and a beta of 0.60.

Henderson Far East Income Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 24th will be paid a dividend of GBX 6.20 ($0.08) per share. This represents a dividend yield of 2.67%. The ex-dividend date is Thursday, October 24th. Henderson Far East Income’s payout ratio is currently -35,714.29%.

Henderson Far East Income Company Profile

Henderson Far East Income Limited is a closed ended balanced mutual fund launched and managed by Henderson Investment Funds Limited. The fund is managed by Henderson Global Investors Limited. It invests in the public equity and fixed income markets of Pacific, Australasia, Japan, and India. The fund invests in stocks of companies operating across diversified sectors.