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

Murray Income Trust PLC (LON:MUT) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 817.86 ($10.18) and traded as high as GBX 836 ($10.40). Murray Income Trust shares last traded at GBX 836 ($10.40), with a volume of 267,371 shares trading hands.

Murray Income Trust Price Performance

The stock has a fifty day moving average of GBX 817.86 and a 200-day moving average of GBX 842.93. 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 stock has a market capitalization of £871.05 million, a price-to-earnings ratio of 1,165.28 and a beta of 0.80.

Murray Income Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a GBX 9.50 ($0.12) dividend. This represents a yield of 1.17%. The ex-dividend date of this dividend is Thursday, May 15th. Murray Income Trust’s dividend payout ratio (DPR) is 5,416.67%.

Insider Activity at Murray Income Trust

In other Murray Income Trust news, insider Peter Tait bought 5,000 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of GBX 36 ($0.45) per share, for a total transaction of £1,800 ($2,239.64). 3.00% of the stock is currently owned by corporate insiders.

About Murray Income Trust

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