Henderson Far East Income (LON:HFEL) Shares Cross Below Fifty Day Moving Average – Here’s Why

Henderson Far East Income (LON:HFEL)’s share price crossed 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.

Henderson Far East Income Price Performance

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

Henderson Far East Income Dividend Announcement

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

About Henderson Far East Income

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.