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HgCapital Trust (LON:HGT) Share Price Passes Above 200 Day Moving Average - Here's What Happened

HgCapital Trust logo with Financial Services background
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HgCapital Trust plc (LON:HGT - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 520.20 ($6.72) and traded as high as GBX 531 ($6.86). HgCapital Trust shares last traded at GBX 531 ($6.86), with a volume of 233,711 shares traded.

HgCapital Trust Price Performance

The stock has a market capitalization of £2.42 billion, a price-to-earnings ratio of 8.61 and a beta of 0.44. The firm has a 50-day moving average of GBX 522.02 and a 200 day moving average of GBX 520.20.

HgCapital Trust (LON:HGT - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The investment trust reported GBX 4.77 ($0.06) earnings per share (EPS) for the quarter. HgCapital Trust had a net margin of 91.03% and a return on equity of 11.93%.

HgCapital Trust Company Profile

(Get Free Report)

HgT provides investors with a unique opportunity to participate in the growth in value of a portfolio of c.50 private companies sourced by Hg. Value is created through implementing an investment strategy focused on software and business service companies with resilient, recurring revenue streams and from leveraging the network and expertise of Hg to support management teams to deliver the full potential of their respective businesses. With highly predictable and stable cash flows, the top 20 businesses (representing 76% by value of HGT's investments) reported aggregate sales of £10.6 billion and EBITDA of £3.3 billion over the last 12 months, equating to an EBITDA margin of 31%. Hg brings to HgT an experienced team of c.400 employees, including c.

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