M&G Credit Income Investment (LON:MGCI) Trading Down 0.6% – Here’s Why

Shares of M&G Credit Income Investment (LON:MGCI) fell 0.6% during mid-day trading on Tuesday . The company traded as low as GBX 93.20 and last traded at GBX 93.21. 383,213 shares changed hands during trading, a decline of 1% from the average session volume of 387,067 shares. The stock had previously closed at GBX 93.80.

M&G Credit Income Investment Stock Performance

The company has a market capitalization of £191.02 million, a price-to-earnings ratio of 15.88 and a beta of 0.37. The company has a 50 day moving average price of GBX 94.42 and a 200 day moving average price of GBX 94.83.

Insider Buying and Selling

In other news, insider Richard Boleat acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was purchased at an average price of GBX 94 per share, for a total transaction of £9,400. Company insiders own 0.08% of the company’s stock.

About M&G Credit Income Investment

M&G Credit Income Investment Trust plc invests in a portfolio of public and private debt and debt-like instruments. The company was incorporated in 2018 and is based in London, the United Kingdom.