Murray Income Trust (LON:MUT) Shares Pass Below 50-Day Moving Average of $868.80

Murray Income Trust PLC (LON:MUT)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 868.80 ($10.99) and traded as low as GBX 853.28 ($10.79). Murray Income Trust shares last traded at GBX 855 ($10.81), with a volume of 250,403 shares changing hands.

Murray Income Trust Price Performance

The firm has a 50-day simple moving average of GBX 868.80 and a two-hundred day simple moving average of GBX 846.06. The company has a market capitalization of £908.85 million, a price-to-earnings ratio of 1,187.50 and a beta of 0.80. The company has a current ratio of 2.92, a quick ratio of 3.64 and a debt-to-equity ratio of 11.60.

Murray Income Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 16th were given a dividend of GBX 9.50 ($0.12) per share. This represents a yield of 1.18%. The ex-dividend date was Thursday, May 16th. Murray Income Trust’s dividend payout ratio is currently 5,694.44%.

Insiders Place Their Bets

In other news, insider Angus Franklin bought 1,838 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was purchased at an average cost of GBX 865 ($10.94) per share, with a total value of £15,898.70 ($20,109.66). Insiders own 0.86% of the company’s stock.

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.