Murray Income Trust (LON:MUT) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Murray Income Trust PLC (LON:MUT) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 843.31 ($10.89) and traded as high as GBX 845 ($10.91). Murray Income Trust shares last traded at GBX 837 ($10.81), with a volume of 326,865 shares traded.

Murray Income Trust Stock Performance

The company has a 50 day moving average of GBX 843.65 and a two-hundred day moving average of GBX 835.81. The stock has a market capitalization of £826.24 million, a PE ratio of 9.11 and a beta of 0.80.

Murray Income Trust (LON:MUT) last posted its earnings results on Wednesday, March 5th. The company reported GBX 15.20 ($0.20) EPS for the quarter. Murray Income Trust had a return on equity of 9.57% and a net margin of 92.34%.

Murray Income Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of GBX 9.50 ($0.12) per share. This represents a yield of 1.17%. The ex-dividend date is Thursday, May 15th. Murray Income Trust’s dividend payout ratio (DPR) is 42.97%.

Insider Buying and Selling at Murray Income Trust

In other Murray Income Trust news, insider Andrew Page acquired 2,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of GBX 853 ($11.01) per share, with a total value of £21,325 ($27,533.89). 3.00% of the stock is owned by corporate insiders.

About Murray Income Trust

An investment trust founded in 1923 aiming for high and growing income with capital growth.