Murray Income Trust (LON:MUT) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Murray Income Trust PLC (LON:MUT) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 827.64 ($10.30) and traded as high as GBX 864 ($10.75). Murray Income Trust shares last traded at GBX 862 ($10.73), with a volume of 200,400 shares.

Murray Income Trust Stock Performance

The stock has a market cap of £885.75 million, a PE ratio of 1,184.95 and a beta of 0.80. The stock has a fifty day simple moving average of GBX 827.64 and a two-hundred day simple moving average of GBX 840.69. 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 business also recently declared a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a GBX 9.50 ($0.12) dividend. This represents a yield of 1.17%. The ex-dividend date of this dividend is Thursday, May 15th. Murray Income Trust’s dividend payout ratio is presently 5,416.67%.

Insider Buying and Selling at Murray Income Trust

In other Murray Income Trust news, insider Peter Tait bought 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of GBX 36 ($0.45) per share, with a total value of £1,800 ($2,240.48). 3.00% of the stock is currently owned by corporate insiders.

Murray Income Trust Company Profile

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