Murray Income Trust (LON:MUT) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Murray Income Trust PLC (LON:MUT) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 827.64 ($10.30) and traded as high as GBX 864 ($10.75). Murray Income Trust shares last traded at GBX 862 ($10.73), with a volume of 200,400 shares trading hands.

Murray Income Trust Stock Performance

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 company has a market cap of £885.75 million, a price-to-earnings ratio of 1,184.95 and a beta of 0.80. The stock’s 50 day moving average price is GBX 827.64 and its 200 day moving average price is GBX 840.69.

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

Insider Transactions at Murray Income Trust

In other news, insider Peter Tait bought 5,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of GBX 36 ($0.45) per share, for a total transaction of £1,800 ($2,240.48). Company insiders own 3.00% of the company’s stock.

Murray Income Trust Company Profile

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