Hipgnosis Songs Fund (LON:SONG) Trading 0.4% Higher

Hipgnosis Songs Fund Ltd (LON:SONG) traded up 0.4% on Wednesday . The stock traded as high as GBX 101 ($1.33) and last traded at GBX 99 ($1.30), 817,226 shares changed hands during trading. The stock had previously closed at GBX 98.60 ($1.30).

The company has a 50 day simple moving average of GBX 101.33 and a two-hundred day simple moving average of GBX 105.75. The company has a quick ratio of 2.95, a current ratio of 3.05 and a debt-to-equity ratio of 3.53. The company has a market capitalization of $609.69 million and a P/E ratio of 70.71.

In related news, insider Simon Holden acquired 20,000 shares of Hipgnosis Songs Fund stock in a transaction on Tuesday, March 17th. The shares were bought at an average cost of GBX 91 ($1.20) per share, with a total value of £18,200 ($23,941.07).

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