North American Income Trust (LON:NAIT) Shares Cross Below 50-Day Moving Average – What’s Next?

North American Income Trust (LON:NAIT)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 332.82 ($4.19) and traded as low as GBX 326 ($4.10). North American Income Trust shares last traded at GBX 326 ($4.10), with a volume of 70,086 shares changing hands.

North American Income Trust Price Performance

The company has a current ratio of 14.91, a quick ratio of 7.40 and a debt-to-equity ratio of 8.98. The firm has a 50 day moving average of GBX 332.66 and a 200-day moving average of GBX 313.84. The company has a market cap of £422.63 million, a P/E ratio of -4,657.14 and a beta of 0.66.

North American Income Trust Dividend Announcement

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

Insider Buying and Selling

In other news, insider Patrick Edwardson sold 10,000 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of GBX 317 ($3.99), for a total value of £31,700 ($39,889.27). Also, insider Charles Park purchased 15,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was acquired at an average cost of GBX 321 ($4.04) per share, with a total value of £48,150 ($60,588.90). 8.11% of the stock is owned by company insiders.

North American Income Trust Company Profile

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