Murray Income Trust (LON:MUT) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Murray Income Trust PLC (LON:MUT)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 822.74 ($10.27) and traded as high as GBX 850.09 ($10.61). Murray Income Trust shares last traded at GBX 847.53 ($10.58), with a volume of 216,348 shares.

Murray Income Trust Stock Performance

The stock has a market cap of £876.90 million, a P/E ratio of 1,173.10 and a beta of 0.80. The company has a current ratio of 2.92, a quick ratio of 3.64 and a debt-to-equity ratio of 11.60. The stock has a 50 day simple moving average of GBX 822.74 and a 200 day simple moving average of GBX 841.47.

Murray Income Trust Cuts Dividend

The business 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. This represents a yield of 1.17%. The ex-dividend date is Thursday, May 15th. 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 bought 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of GBX 36 ($0.45) per share, for a total transaction of £1,800 ($2,246.63). 3.00% of the stock is currently owned by company insiders.

Murray Income Trust Company Profile

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