Murray Income Trust (LON:MUT) Share Price Crosses Above 50 Day Moving Average – What’s Next?

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 832.01 ($10.51) and traded as high as GBX 853 ($10.78). Murray Income Trust shares last traded at GBX 851 ($10.75), with a volume of 218,327 shares.

Murray Income Trust Stock Performance

The firm has a market cap of £856.21 million, a P/E ratio of 9.44 and a beta of 0.80. The firm’s fifty day moving average is GBX 832.69 and its 200 day moving average is GBX 839.78.

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 dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, May 15th. Murray Income Trust’s payout ratio is 42.97%.

Insider Buying and Selling at Murray Income Trust

In other news, insider Peter Tait bought 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of GBX 36 ($0.45) per share, for a total transaction of £1,800 ($2,274.16). Insiders own 3.00% of the company’s stock.

About Murray Income Trust

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