Murray Income Trust (LON:MUT) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Murray Income Trust PLC (LON:MUT) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 834.82 ($10.81) and traded as low as GBX 828 ($10.72). Murray Income Trust shares last traded at GBX 834 ($10.79), with a volume of 96,511 shares.

Murray Income Trust Price Performance

The firm has a 50 day moving average price of GBX 844.91 and a 200-day moving average price of GBX 834.82. The firm has a market cap of £833.24 million, a price-to-earnings ratio of 9.19 and a beta of 0.80.

Murray Income Trust (LON:MUT) last posted its quarterly earnings results on Wednesday, March 5th. The company reported GBX 15.20 ($0.20) earnings per share for the quarter. Murray Income Trust had a net margin of 92.34% and a return on equity of 9.57%.

Murray Income Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a GBX 9.50 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a yield of 1.17%. Murray Income Trust’s dividend payout ratio is presently 42.97%.

Insiders Place Their Bets

In other news, insider Andrew Page bought 2,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of GBX 853 ($11.04) per share, for a total transaction of £21,325 ($27,601.60). Company 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.