Murray Income Trust (LON:MUT) Stock Crosses Below 200-Day Moving Average – Here’s Why

Murray Income Trust PLC (LON:MUT)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 846.21 ($10.33) and traded as low as GBX 807 ($9.85). Murray Income Trust shares last traded at GBX 822 ($10.04), with a volume of 322,930 shares traded.

Murray Income Trust Stock Performance

The company has a market cap of £840.94 million, a price-to-earnings ratio of 1,125.00 and a beta of 0.80. The company has a debt-to-equity ratio of 11.60, a quick ratio of 3.64 and a current ratio of 2.92. The stock’s fifty day simple moving average is GBX 815.58 and its two-hundred day simple moving average is GBX 845.79.

Murray Income Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date is Thursday, May 15th. This represents a yield of 1.17%. Murray Income Trust’s dividend payout ratio is presently 5,416.67%.

Insider Buying and Selling at Murray Income Trust

In related news, insider Peter Tait bought 5,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of GBX 36 ($0.44) per share, with a total value of £1,800 ($2,197.80). 3.00% of the stock is currently owned by corporate insiders.

About Murray Income Trust

An investment trust founded in 1923 aiming for high and growing income with capital growth.