HgCapital Trust (LON:HGT) Shares Pass Above 200-Day Moving Average – Time to Sell?

HgCapital Trust plc (LON:HGT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 515.86 ($6.28) and traded as high as GBX 520 ($6.33). HgCapital Trust shares last traded at GBX 520 ($6.33), with a volume of 752,229 shares changing hands.

HgCapital Trust Trading Down 0.4 %

The firm has a market cap of £2.40 billion, a price-to-earnings ratio of 1,048.00 and a beta of 0.44. The business has a 50 day moving average price of GBX 528.12 and a 200-day moving average price of GBX 516.34. 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

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.