Murray Income Trust (LON:MUT) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Murray Income Trust PLC (LON:MUT) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Murray Income Trust Price 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 stock has a market capitalization of £862.74 million, a PE ratio of 1,154.17 and a beta of 0.80. The stock’s 50 day moving average is GBX 815.60 and its two-hundred day moving average is GBX 844.33.

Murray Income Trust Cuts Dividend

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

Insider Buying and Selling

In other Murray Income Trust news, insider Peter Tait acquired 5,000 shares of the company’s stock in a transaction that occurred 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 ($2,190.05). 3.00% of the stock is owned by company insiders.

About Murray Income Trust

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