Murray Income Trust (LON:MUT) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Murray Income Trust PLC (LON:MUT) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 822.74 ($10.27) and traded as high as GBX 850.09 ($10.61). Murray Income Trust shares last traded at GBX 847.53 ($10.58), with a volume of 216,348 shares traded.

Murray Income Trust Stock Performance

The stock has a market capitalization of £876.90 million, a price-to-earnings ratio of 1,173.10 and a beta of 0.80. The company’s fifty day simple moving average is GBX 822.74 and its 200 day simple moving average is GBX 841.47. The company has a quick ratio of 3.64, a current ratio of 2.92 and a debt-to-equity ratio of 11.60.

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. 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 currently 5,416.67%.

Insiders Place Their Bets

In other news, insider Peter Tait bought 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of GBX 36 ($0.45) per share, with a total value of £1,800 ($2,246.63). Company insiders own 3.00% of the company’s stock.

About Murray Income Trust

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