Murray Income Trust (LON:MUT) Stock Passes Below 200-Day Moving Average – Here’s Why

Murray Income Trust PLC (LON:MUT) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 834.82 ($10.81) and traded as low as GBX 828 ($10.72). Murray Income Trust shares last traded at GBX 834 ($10.79), with a volume of 96,511 shares traded.

Murray Income Trust Trading Up 0.2 %

The firm’s fifty day moving average price is GBX 844.91 and its 200-day moving average price is GBX 834.82. The company has a market cap of £833.24 million, a P/E ratio of 9.19 and a beta of 0.80.

Murray Income Trust (LON:MUT) last posted its quarterly earnings results on Wednesday, March 5th. The company reported GBX 15.20 ($0.20) EPS for the quarter. Murray Income Trust had a return on equity of 9.57% and a net margin of 92.34%.

Murray Income Trust Cuts Dividend

The firm also recently disclosed 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. This represents a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, May 15th. Murray Income Trust’s dividend payout ratio is 42.97%.

Insider Buying and Selling at Murray Income Trust

In other news, insider Andrew Page bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of GBX 853 ($11.04) per share, for a total transaction of £21,325 ($27,601.60). 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.