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

Murray Income Trust PLC (LON:MUT)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 844.37 ($10.27) and traded as low as GBX 829.12 ($10.09). Murray Income Trust shares last traded at GBX 831 ($10.11), with a volume of 361,720 shares trading hands.

Murray Income Trust Trading Up 0.2 %

The business has a fifty day moving average price of GBX 815.60 and a two-hundred day moving average price of GBX 844.33. 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 market capitalization of £862.74 million, a PE ratio of 1,154.17 and a beta of 0.80.

Murray Income Trust Cuts Dividend

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

Insider Activity

In other news, insider Peter Tait acquired 5,000 shares of the business’s stock in a transaction that occurred 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 ($2,190.05). Insiders own 3.00% of the company’s stock.

Murray Income Trust Company Profile

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