Hipgnosis Songs (LON:SONG – Get Free Report) fell 2.9% on Tuesday . The stock traded as low as GBX 70.40 ($0.88) and last traded at GBX 70.60 ($0.88). 8,997,203 shares traded hands during mid-day 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 Down 2.9 %
The stock has a market capitalization of £854.26 million, a P/E ratio of -784.44 and a beta of 0.27. The company has a current ratio of 2.69, a quick ratio of 2.87 and a debt-to-equity ratio of 45.03. The business has a 50-day moving average price of GBX 65.13 and a two-hundred day moving average price of GBX 69.14.
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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