North American Income Trust (LON:NAIT) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

North American Income Trust (LON:NAIT) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 332.78 ($4.18) and traded as high as GBX 334 ($4.20). North American Income Trust shares last traded at GBX 332 ($4.17), with a volume of 294,483 shares.

North American Income Trust Stock Performance

The company has a fifty day moving average of GBX 332.78 and a two-hundred day moving average of GBX 312.27. The firm has a market capitalization of £421.98 million, a price-to-earnings ratio of -4,650.00 and a beta of 0.66. The company has a debt-to-equity ratio of 8.98, a quick ratio of 7.40 and a current ratio of 14.91.

North American Income Trust Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be issued a dividend of GBX 2.70 ($0.03) per share. This represents a dividend yield of 0.81%. The ex-dividend date is Thursday, January 2nd. North American Income Trust’s dividend payout ratio is currently -17,142.86%.

Insider Activity

In other news, insider Patrick Edwardson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of GBX 317 ($3.99), for a total transaction of £31,700 ($39,854.16). Also, insider Charles Park purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was bought at an average price of GBX 321 ($4.04) per share, with a total value of £48,150 ($60,535.58). 8.11% of the stock is currently owned by company insiders.

North American Income Trust Company Profile

The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index.