Hipgnosis Songs (LON:SONG – Get Free Report)’s share price traded down 2.9% during mid-day trading 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 changed 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 Price Performance
The firm has a market capitalization of £1.11 billion, a price-to-earnings ratio of -783.33 and a beta of 0.27. The company’s 50 day moving average is GBX 65.23 and its 200 day moving average is GBX 69.15. The company has a quick ratio of 2.87, a current ratio of 2.69 and a debt-to-equity ratio of 45.03.
Hipgnosis Songs Company Profile
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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