North American Income Trust (LON:NAIT) Shares Pass Below 50-Day Moving Average – Here’s What Happened

North American Income Trust (LON:NAIT)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 338.51 ($4.37) and traded as low as GBX 324.44 ($4.19). North American Income Trust shares last traded at GBX 330 ($4.26), with a volume of 139,600 shares trading hands.

North American Income Trust Trading Down 1.8 %

The company has a current ratio of 12.03, a quick ratio of 7.40 and a debt-to-equity ratio of 8.54. The company has a market capitalization of £397.85 million, a price-to-earnings ratio of 7.98 and a beta of 0.66. The company has a fifty day moving average of GBX 338.37 and a 200-day moving average of GBX 329.02.

North American Income Trust Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 2nd were issued a GBX 2.70 ($0.03) dividend. This represents a yield of 0.81%. The ex-dividend date was Thursday, January 2nd. North American Income Trust’s dividend payout ratio is presently 29.54%.

Insider Activity at North American Income Trust

In related news, insider Charles Park acquired 95,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were acquired at an average price of GBX 344 ($4.44) per share, with a total value of £326,800 ($421,949.64). 8.11% of the stock is currently owned by insiders.

About North American Income Trust

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