HgCapital Trust (LON:HGT) Sets New 52-Week Low – Here’s What Happened

HgCapital Trust plc (LON:HGT) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 343 and last traded at GBX 343.48, with a volume of 446097 shares. The stock had previously closed at GBX 351.50.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated an “underperform” rating on shares of HgCapital Trust in a report on Friday, May 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

HgCapital Trust Trading Down 2.5%

The stock has a market capitalization of £1.55 billion, a P/E ratio of 15.95 and a beta of 0.44. The stock’s fifty day moving average price is GBX 384.83 and its two-hundred day moving average price is GBX 444.83.

HgCapital Trust (LON:HGT) last announced its quarterly earnings data on Monday, March 9th. The investment trust reported GBX 3.13 earnings per share for the quarter. HgCapital Trust had a net margin of 88.67% and a return on equity of 3.90%.

About HgCapital Trust

HgT provides investors with a unique opportunity to participate in the growth in value of a portfolio of +58 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.
Hg brings to HgT an experienced team of c.430 employees, including >250 investment and other professional executives, supported by a network of portfolio partners, all of them seasoned senior managers from across industry, who work with the management teams of the companies in which we are invested to create value for shareholders.
At the centre of this network, Hg builds and shares knowledge and expertise by facilitating the active collaboration of management teams across sector clusters and geographies.
HgT’s funds are invested pro rata alongside those of Hg’s other institutional clients.