North American Income Trust (LON:NAIT) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of North American Income Trust (LON:NAIT) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 332.82 ($4.17) and traded as low as GBX 326 ($4.09). North American Income Trust shares last traded at GBX 326 ($4.09), with a volume of 70,086 shares traded.

North American Income Trust Stock Up 1.1 %

The company has a market cap of £427.24 million, a P/E ratio of -4,708.00 and a beta of 0.66. The company has a debt-to-equity ratio of 8.98, a current ratio of 14.91 and a quick ratio of 7.40. The company has a 50 day moving average of GBX 332.82 and a 200-day moving average of GBX 313.40.

North American Income Trust Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 2nd will be given a GBX 2.70 ($0.03) dividend. This represents a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, January 2nd. North American Income Trust’s dividend payout ratio (DPR) is -17,142.86%.

Insider Activity at North American Income Trust

In other news, insider Charles Park acquired 15,000 shares of North American Income Trust stock in a transaction dated Thursday, October 10th. The shares were purchased at an average cost of GBX 321 ($4.02) per share, for a total transaction of £48,150 ($60,338.35). Also, insider Patrick Edwardson sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of GBX 317 ($3.97), for a total value of £31,700 ($39,724.31). 8.11% of the stock is currently owned by insiders.

About North American Income Trust

Leading US companies picked for their higher income potential