Murray Income Trust (LON:MUT) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Murray Income Trust PLC (LON:MUT) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 846.21 ($10.33) and traded as low as GBX 807 ($9.85). Murray Income Trust shares last traded at GBX 822 ($10.04), with a volume of 322,930 shares changing hands.

Murray Income Trust Stock Performance

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 company has a market capitalization of £840.94 million, a PE ratio of 1,125.00 and a beta of 0.80. The company has a 50 day moving average price of GBX 815.58 and a 200 day moving average price of GBX 845.79.

Murray Income Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 12th. Investors 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 yield of 1.17%. Murray Income Trust’s dividend payout ratio (DPR) is 5,416.67%.

Insider Activity

In related news, insider Peter Tait bought 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of GBX 36 ($0.44) per share, for a total transaction of £1,800 ($2,197.80). Company 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.