Murray Income Trust (LON:MUT) Stock Passes Below Fifty Day Moving Average of $868.80

Murray Income Trust PLC (LON:MUT)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 868.80 ($10.99) and traded as low as GBX 853.28 ($10.79). Murray Income Trust shares last traded at GBX 855 ($10.81), with a volume of 250,403 shares changing hands.

Murray Income Trust Stock Performance

The stock has a 50 day simple moving average of GBX 869.06 and a 200 day simple moving average of GBX 846.27. The company has a quick ratio of 3.64, a current ratio of 2.92 and a debt-to-equity ratio of 11.60. The company has a market cap of £922.77 million, a price-to-earnings ratio of 1,197.22 and a beta of 0.80.

Murray Income Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 16th were given a dividend of GBX 9.50 ($0.12) per share. This represents a yield of 1.18%. The ex-dividend date was Thursday, May 16th. Murray Income Trust’s dividend payout ratio (DPR) is presently 5,694.44%.

Insider Buying and Selling at Murray Income Trust

In other news, insider Angus Franklin bought 1,838 shares of Murray Income Trust stock in a transaction dated Thursday, June 6th. The shares were acquired at an average cost of GBX 865 ($10.94) per share, with a total value of £15,898.70 ($20,109.66). 0.86% of the stock is owned by corporate insiders.

About Murray Income Trust

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.