Murray Income Trust (LON:MUT) Share Price Passes Above Fifty Day Moving Average of $862.64

Murray Income Trust PLC (LON:MUT)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 862.64 ($10.98) and traded as high as GBX 866 ($11.03). Murray Income Trust shares last traded at GBX 856 ($10.90), with a volume of 188,176 shares traded.

Murray Income Trust Trading Down 0.5 %

The business has a 50 day simple moving average of GBX 863.18 and a 200-day simple moving average of GBX 843.24. 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 stock has a market capitalization of £912.07 million, a price-to-earnings ratio of 1,183.33 and a beta of 0.80.

Murray Income Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th were paid a GBX 9.50 ($0.12) dividend. This represents a yield of 1.18%. The ex-dividend date was Thursday, May 16th. Murray Income Trust’s payout ratio is 5,694.44%.

Insiders Place Their Bets

In other news, insider Angus Franklin acquired 1,838 shares of Murray Income Trust stock in a transaction dated Thursday, June 6th. The shares were acquired at an average cost of GBX 865 ($11.01) per share, with a total value of £15,898.70 ($20,245.38). 0.86% of the stock is owned by corporate insiders.

About Murray Income Trust

Murray Income Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Asset Managers Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.