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

Shares of Henderson Far East Income (LON:HFEL) 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 changing hands.

Henderson Far East Income Stock Performance

The stock has a market cap of £374.93 million, a price-to-earnings ratio of -3,264.29 and a beta of 0.60. The company has a debt-to-equity ratio of 9.65, a current ratio of 0.49 and a quick ratio of 0.69. The firm has a fifty day moving average of GBX 229.31 and a 200 day moving average of GBX 232.01.

Henderson Far East Income Announces Dividend

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