North American Income Trust (LON:NAIT) Share Price Passes Below 50-Day Moving Average – Time to Sell?

North American Income Trust (LON:NAIT) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 339.26 ($4.40) and traded as low as GBX 316 ($4.10). North American Income Trust shares last traded at GBX 321 ($4.16), with a volume of 434,310 shares changing hands.

North American Income Trust Stock Up 0.6 %

The company has a debt-to-equity ratio of 8.54, a current ratio of 12.03 and a quick ratio of 7.40. The business’s fifty day simple moving average is GBX 339.26 and its two-hundred day simple moving average is GBX 328.16. The company has a market cap of £394.16 million, a PE ratio of 7.90 and a beta of 0.66.

North American Income Trust Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd were issued a GBX 2.70 ($0.04) dividend. The ex-dividend date was Thursday, January 2nd. This represents a yield of 0.81%. North American Income Trust’s payout ratio is 29.54%.

Insider Buying and Selling at North American Income Trust

In related news, insider Charles Park bought 95,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was acquired at an average price of GBX 344 ($4.46) per share, with a total value of £326,800 ($423,810.14). 8.11% of the stock is owned by corporate insiders.

About North American Income Trust

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