Murray Income Trust (LON:MUT) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Murray Income Trust PLC (LON:MUT) crossed 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 stock 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 current ratio of 2.92, a quick ratio of 3.64 and a debt-to-equity ratio of 11.60. The firm has a fifty day simple moving average of GBX 815.58 and a 200-day simple moving average of GBX 845.79.

Murray Income Trust Cuts Dividend

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

Insider Activity at Murray Income Trust

In related news, insider Peter Tait bought 5,000 shares of Murray Income Trust stock in a transaction on Friday, December 13th. The shares were purchased at an average price of GBX 36 ($0.44) per share, for a total transaction of £1,800 ($2,197.80). 3.00% of the stock is owned by company insiders.

About Murray Income Trust

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