Murray Income Trust (LON:MUT) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Murray Income Trust PLC (LON:MUT)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 846.21 ($10.41) and traded as low as GBX 807 ($9.93). Murray Income Trust shares last traded at GBX 822 ($10.11), with a volume of 322,930 shares.

Murray Income Trust Trading Down 1.1 %

The firm has a fifty day moving average of GBX 815.92 and a 200-day moving average of GBX 846.21. The company has a debt-to-equity ratio of 11.60, a quick ratio of 3.64 and a current ratio of 2.92. The stock has a market capitalization of £844.32 million, a price-to-earnings ratio of 1,129.52 and a beta of 0.80.

Murray Income Trust Cuts Dividend

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

Insider Buying and Selling

In other news, insider Peter Tait acquired 5,000 shares of the stock in a transaction on Friday, December 13th. The stock was bought at an average price of GBX 36 ($0.44) per share, with a total value of £1,800 ($2,214.84). 3.00% of the stock is currently owned by corporate insiders.

About Murray Income Trust

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