Murray Income Trust (LON:MUT) Share Price Passes Below 50 Day Moving Average – Here’s Why

Murray Income Trust PLC (LON:MUT) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 860.97 ($11.24) and traded as low as GBX 833 ($10.88). Murray Income Trust shares last traded at GBX 840 ($10.97), with a volume of 273,971 shares trading hands.

Murray Income Trust Trading Down 0.3 %

The business’s 50 day moving average is GBX 860.97 and its two-hundred day moving average is GBX 863.42. 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 firm has a market capitalization of £869.51 million, a P/E ratio of 1,166.67 and a beta of 0.80.

Murray Income Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th were given a GBX 10 ($0.13) dividend. The ex-dividend date of this dividend was Thursday, August 15th. This is a boost from Murray Income Trust’s previous dividend of $9.50. This represents a yield of 1.12%. Murray Income Trust’s payout ratio is 5,416.67%.

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.