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HgCapital Trust (LON:HGT) Shares Cross Above Two Hundred Day Moving Average - Here's Why

HgCapital Trust logo with Financial Services background

Shares of HgCapital Trust plc (LON:HGT - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 518.44 ($6.47) and traded as high as GBX 523 ($6.53). HgCapital Trust shares last traded at GBX 522 ($6.52), with a volume of 409,243 shares trading hands.

HgCapital Trust Stock Performance

The stock has a 50 day moving average of GBX 524.49 and a 200 day moving average of GBX 518.95. The company has a market capitalization of £2.36 billion, a price-to-earnings ratio of 1,032.00 and a beta of 0.44. The company has a quick ratio of 274.70, a current ratio of 131.50 and a debt-to-equity ratio of 6.58.

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.

Further Reading

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