Murray Income Trust (LON:MUT) Shares Cross Below 200-Day Moving Average – Time to Sell?

Murray Income Trust PLC (LON:MUT)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 847.81 ($10.49) and traded as low as GBX 810.31 ($10.03). Murray Income Trust shares last traded at GBX 817 ($10.11), with a volume of 107,596 shares changing hands.

Murray Income Trust Price Performance

The company has a 50 day moving average of GBX 817.01 and a 200 day moving average of GBX 847.65. The stock has a market capitalization of £854.44 million, a price-to-earnings ratio of 1,143.06 and a beta of 0.80. The company has a quick ratio of 3.64, a current ratio of 2.92 and a debt-to-equity ratio of 11.60.

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 given a dividend of GBX 9.50 ($0.12) per share. This represents a yield of 1.17%. The ex-dividend date is Thursday, May 15th. Murray Income Trust’s dividend payout ratio (DPR) is 5,416.67%.

Insider Buying and Selling at Murray Income Trust

In other news, insider Peter Tait acquired 5,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of GBX 36 ($0.45) per share, for a total transaction of £1,800 ($2,228.00). 3.00% of the stock is owned by company insiders.

Murray Income Trust Company Profile

Murray Income Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Asset Managers Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.