North American Income Trust (LON:NAIT) Stock Price Passes Below 50 Day Moving Average – Here’s Why

North American Income Trust (LON:NAIT) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 338.51 ($4.39) and traded as low as GBX 324.44 ($4.21). North American Income Trust shares last traded at GBX 330 ($4.28), with a volume of 139,600 shares changing hands.

North American Income Trust Stock Up 1.2 %

The company has a debt-to-equity ratio of 8.54, a current ratio of 12.03 and a quick ratio of 7.40. The stock has a market capitalization of £405.21 million, a P/E ratio of 8.12 and a beta of 0.66. The firm has a 50 day moving average of GBX 338.51 and a 200-day moving average of GBX 328.90.

North American Income Trust Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 2nd were paid a dividend of GBX 2.70 ($0.04) per share. The ex-dividend date was Thursday, January 2nd. This represents a yield of 0.81%. North American Income Trust’s dividend payout ratio is 29.54%.

Insider Buying and Selling at North American Income Trust

In related news, insider Charles Park acquired 95,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were bought at an average cost of GBX 344 ($4.46) per share, with a total value of £326,800 ($423,755.19). Company insiders own 8.11% of the company’s stock.

North American Income Trust Company Profile

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