Murray Income Trust (LON:MUT) Sets New 52-Week Low – Here’s Why

Shares of Murray Income Trust PLC (LON:MUT) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 797 ($10.02) and last traded at GBX 799.94 ($10.05), with a volume of 1416488 shares trading hands. The stock had previously closed at GBX 807 ($10.14).

Murray Income Trust Stock Performance

The stock’s 50-day moving average price is GBX 822.58 and its 200 day moving average price is GBX 850.60. The company has a quick ratio of 3.64, a current ratio of 2.92 and a debt-to-equity ratio of 11.60. The company has a market cap of £835.75 million, a P/E ratio of 1,118.06 and a beta of 0.80.

Murray Income Trust Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 13th 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, February 13th. Murray Income Trust’s dividend payout ratio is 5,416.67%.

Insider Activity at Murray Income Trust

In related news, insider Peter Tait bought 5,000 shares of the business’s stock in a transaction that occurred 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 ($2,262.16). 3.00% of the stock is owned by corporate 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.