HgCapital Trust (LON:HGT) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of HgCapital Trust plc (LON:HGT) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 517.02 ($6.46) and traded as low as GBX 514 ($6.42). HgCapital Trust shares last traded at GBX 518 ($6.47), with a volume of 463,217 shares trading hands.

HgCapital Trust Stock Performance

The stock has a market cap of £2.37 billion, a price-to-earnings ratio of 1,034.00 and a beta of 0.44. The company’s fifty day simple moving average is GBX 526.86 and its two-hundred day simple moving average is GBX 517.28. The company has a debt-to-equity ratio of 6.58, a current ratio of 131.50 and a quick ratio of 274.70.

HgCapital Trust Company Profile

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.