Murray Income Trust (LON:MUT) Shares Pass Below 200-Day Moving Average – Should You Sell?

Murray Income Trust PLC (LON:MUT)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 844.37 ($10.27) and traded as low as GBX 829.12 ($10.09). Murray Income Trust shares last traded at GBX 831 ($10.11), with a volume of 361,720 shares trading hands.

Murray Income Trust Stock Up 0.2 %

The company has a debt-to-equity ratio of 11.60, a current ratio of 2.92 and a quick ratio of 3.64. The firm’s 50 day moving average price is GBX 815.60 and its two-hundred day moving average price is GBX 844.33. The firm has a market cap of £862.74 million, a price-to-earnings ratio of 1,154.17 and a beta of 0.80.

Murray Income Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a yield of 1.17%. Murray Income Trust’s payout ratio is 5,416.67%.

Insider Activity

In other news, insider Peter Tait acquired 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was bought at an average price of GBX 36 ($0.44) per share, for a total transaction of £1,800 ($2,190.05). Corporate insiders own 3.00% of the company’s stock.

Murray Income Trust Company Profile

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