Murray Income Trust (LON:MUT) Shares Pass Below 200-Day Moving Average – What’s Next?

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.

Murray Income Trust Stock Performance

The stock has a market cap of £840.94 million, a P/E ratio of 1,125.00 and a beta of 0.80. The firm has a 50 day moving average of GBX 815.58 and a two-hundred day moving average of GBX 845.79. The company has a debt-to-equity ratio of 11.60, a quick ratio of 3.64 and a current ratio of 2.92.

Murray Income Trust Cuts Dividend

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

Insider Transactions at Murray Income Trust

In other news, insider Peter Tait purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of GBX 36 ($0.44) per share, with a total value of £1,800 ($2,197.80). 3.00% of the stock is owned by insiders.

Murray Income Trust Company Profile

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