Shares of Hipgnosis Songs (LON:SONG – Get Free Report) traded down 2.9% on Tuesday . The company traded as low as GBX 70.40 ($0.88) and last traded at GBX 70.60 ($0.88). 8,997,203 shares were traded during trading, an increase of 122% from the average session volume of 4,045,350 shares. The stock had previously closed at GBX 72.70 ($0.91).
Hipgnosis Songs Trading Up 30.5 %
The company has a debt-to-equity ratio of 45.03, a quick ratio of 2.87 and a current ratio of 2.69. The stock has a market cap of £1.11 billion, a P/E ratio of -783.33 and a beta of 0.27. The company has a 50-day simple moving average of GBX 65.23 and a 200-day simple moving average of GBX 69.15.
About Hipgnosis Songs
Hipgnosis Songs Fund Limited is a closed-ended fund launched and managed by The Family (Music) Limited. The fund invests in songs and associated musical intellectual property rights, including master recordings and producer royalties. Hipgnosis Songs Fund Limited was formed in 2018 and is domiciled in Guernsey.
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