Murray Income Trust (LON:MUT) Hits New 1-Year Low – Should You Sell?

Murray Income Trust PLC (LON:MUT) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 797 ($10.02) and last traded at GBX 799.94 ($10.05), with a volume of 1416488 shares trading hands. The stock had previously closed at GBX 807 ($10.14).

Murray Income Trust Stock Down 0.2 %

The business has a 50 day moving average of GBX 822.58 and a 200 day moving average of GBX 850.60. The firm has a market capitalization of £835.75 million, a price-to-earnings ratio of 1,118.06 and a beta of 0.80. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.92 and a quick ratio of 3.64.

Murray Income Trust Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 13th will be paid a GBX 9.50 ($0.12) dividend. The ex-dividend date is Thursday, February 13th. This represents a yield of 1.17%. Murray Income Trust’s payout ratio is currently 5,416.67%.

Insiders Place Their Bets

In other 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 price of GBX 36 ($0.45) per share, with a total value of £1,800 ($2,262.16). Corporate insiders own 3.00% 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.