Aurora Investment Trust (LON:ARR) Share Price Passes Above 50 Day Moving Average – Here’s Why

Aurora Investment Trust plc (LON:ARR) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 227.96 ($2.81) and traded as high as GBX 235 ($2.89). Aurora Investment Trust shares last traded at GBX 235 ($2.89), with a volume of 482,907 shares traded.

Aurora Investment Trust Stock Performance

The company has a market capitalization of £177.76 million, a price-to-earnings ratio of 332.86 and a beta of 1.29. The company has a 50-day moving average price of GBX 227.90 and a 200-day moving average price of GBX 246.45.

Aurora Investment Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, October 31st were paid a GBX 3 ($0.04) dividend. This represents a yield of 1.18%. The ex-dividend date was Thursday, October 31st. Aurora Investment Trust’s payout ratio is presently 428.57%.

Insiders Place Their Bets

In other Aurora Investment Trust news, insider Lucy Walker bought 4,750 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was purchased at an average cost of GBX 226 ($2.78) per share, with a total value of £10,735 ($13,215.56). Company insiders own 0.13% of the company’s stock.

Aurora Investment Trust Company Profile

Aurora UK Alpha plc is a UK listed Investment Trust which strives to provide shareholders with long term returns through capital and income growth by investing predominantly in a portfolio of UK listed companies.