North American Income Trust (LON:NAIT) Shares Cross Below 50 Day Moving Average – Should You Sell?

North American Income Trust (LON:NAIT)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 336.89 ($4.37) and traded as low as GBX 317.45 ($4.12). North American Income Trust shares last traded at GBX 321 ($4.17), with a volume of 275,199 shares trading hands.

North American Income Trust Stock Down 0.2 %

The company’s fifty day moving average is GBX 336.51 and its 200-day moving average is GBX 330.17. The company has a debt-to-equity ratio of 8.54, a quick ratio of 7.40 and a current ratio of 12.03. The company has a market capitalization of £400.92 million, a PE ratio of 8.04 and a beta of 0.66.

North American Income Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a GBX 6.90 ($0.09) dividend. This represents a yield of 2.56%. The ex-dividend date was Thursday, March 27th. This is a positive change from North American Income Trust’s previous dividend of $2.70. North American Income Trust’s dividend payout ratio is presently 29.54%.

Insider Activity

In related news, insider Charles Park acquired 95,000 shares of North American Income Trust stock in a transaction dated Thursday, January 30th. The shares were purchased at an average price of GBX 344 ($4.47) per share, for a total transaction of £326,800 ($424,360.47). Company insiders own 8.11% of the company’s stock.

About North American Income Trust

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