Murray Income Trust (LON:MUT) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Posted by ABMN Staff on Jan 2nd, 2025

Murray Income Trust PLC (LON:MUT – Get Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 847.81 ($10.61) and traded as low as GBX 810.31 ($10.14). Murray Income Trust shares last traded at GBX 817 ($10.22), with a volume of 107,596 shares traded.

Murray Income Trust Price Performance

The company has a debt-to-equity ratio of 11.60, a quick ratio of 3.64 and a current ratio of 2.92. The stock’s fifty day moving average price is GBX 817.34 and its 200-day moving average price is GBX 847.81. The firm has a market cap of £846.70 million, a PE ratio of 1,132.70 and a beta of 0.80.

Murray Income Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a GBX 9.50 ($0.12) dividend. The ex-dividend date is Thursday, May 15th. This represents a yield of 1.17%. Murray Income Trust’s dividend payout ratio (DPR) is presently 5,416.67%.

Insider Transactions at Murray Income Trust

In other news, insider Peter Tait purchased 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of GBX 36 ($0.45) per share, for a total transaction of £1,800 ($2,252.25). Corporate insiders own 3.00% of the company’s stock.

Murray Income Trust Company Profile

(Get Free Report)

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.