HgCapital Trust (LON:HGT) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

HgCapital Trust plc (LON:HGT) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 515.86 ($6.31) and traded as low as GBX 513 ($6.28). HgCapital Trust shares last traded at GBX 520 ($6.36), with a volume of 752,229 shares changing hands.

HgCapital Trust Price Performance

The stock has a fifty day simple moving average of GBX 527.90 and a two-hundred day simple moving average of GBX 515.86. The company has a market cap of £2.39 billion, a PE ratio of 1,043.92 and a beta of 0.44. The company has a current ratio of 131.50, a quick ratio of 274.70 and a debt-to-equity ratio of 6.58.

About HgCapital Trust

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.