Murray Income Trust (LON:MUT) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Murray Income Trust PLC (LON:MUTGet Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 846.21 ($10.41) and traded as low as GBX 807 ($9.93). Murray Income Trust shares last traded at GBX 822 ($10.11), with a volume of 322,930 shares.

Murray Income Trust Stock Performance

The company has a debt-to-equity ratio of 11.60, a current ratio of 2.92 and a quick ratio of 3.64. The company has a market capitalization of £844.32 million, a PE ratio of 1,129.52 and a beta of 0.80. The firm’s fifty day simple moving average is GBX 815.92 and its 200 day simple moving average is GBX 846.21.

Murray Income Trust Cuts Dividend

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

Insider Buying and Selling

In other news, insider Peter Tait purchased 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of GBX 36 ($0.44) per share, with a total value of £1,800 ($2,214.84). 3.00% of the stock is owned by corporate insiders.

About Murray Income Trust

(Get Free Report)

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

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