North American Income Trust (LON:NAIT) Stock Passes Below Fifty Day Moving Average – What’s Next?

North American Income Trust (LON:NAIT) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 329.80 ($4.21) and traded as low as GBX 280.50 ($3.58). North American Income Trust shares last traded at GBX 290.50 ($3.71), with a volume of 413,551 shares.

North American Income Trust Trading Up 5.6 %

The company has a quick ratio of 7.40, a current ratio of 12.03 and a debt-to-equity ratio of 8.54. The company has a fifty day moving average of GBX 329.80 and a two-hundred day moving average of GBX 330.01. The stock has a market capitalization of £376.61 million, a price-to-earnings ratio of 7.55 and a beta of 0.66.

North American Income Trust Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of GBX 6.90 ($0.09) per share. The ex-dividend date was Thursday, March 27th. This is an increase from North American Income Trust’s previous dividend of $2.70. This represents a dividend yield of 2.56%. North American Income Trust’s dividend payout ratio (DPR) is currently 29.54%.

Insider Buying and Selling

In related news, insider Charles Park bought 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 ($4.40) per share, for a total transaction of £326,800 ($417,582.42). Corporate insiders own 8.11% of the company’s stock.

North American Income Trust Company Profile

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