Murray Income Trust (LON:MUT) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Murray Income Trust PLC (LON:MUT) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 834.82 ($10.81) and traded as low as GBX 828 ($10.72). Murray Income Trust shares last traded at GBX 834 ($10.79), with a volume of 96,511 shares changing hands.

Murray Income Trust Stock Performance

The firm has a 50-day moving average of GBX 844.91 and a 200-day moving average of GBX 834.82. The firm has a market capitalization of £833.24 million, a P/E ratio of 9.19 and a beta of 0.80.

Murray Income Trust (LON:MUT) last issued its quarterly earnings data on Wednesday, March 5th. The company reported GBX 15.20 ($0.20) earnings per share for the quarter. Murray Income Trust had a return on equity of 9.57% and a net margin of 92.34%.

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 GBX 9.50 ($0.12) dividend. The ex-dividend date is Thursday, May 15th. This represents a dividend yield of 1.17%. Murray Income Trust’s dividend payout ratio (DPR) is presently 42.97%.

Insider Activity at Murray Income Trust

In other Murray Income Trust news, insider Andrew Page acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of GBX 853 ($11.04) per share, for a total transaction of £21,325 ($27,601.60). 3.00% of the stock is currently owned by insiders.

About Murray Income Trust

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