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

Murray Income Trust PLC (LON:MUT)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 843.31 ($10.94) and traded as high as GBX 845 ($10.96). Murray Income Trust shares last traded at GBX 837 ($10.85), with a volume of 326,865 shares changing hands.

Murray Income Trust Stock Up 0.1 %

The firm has a fifty day simple moving average of GBX 843.31 and a 200-day simple moving average of GBX 835.87. The company has a market capitalization of £836.23 million, a P/E ratio of 9.22 and a beta of 0.80.

Murray Income Trust (LON:MUT) last posted its quarterly earnings data on Wednesday, March 5th. The company reported GBX 15.20 ($0.20) earnings per share (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 declared a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given 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 dividend payout ratio (DPR) is 42.97%.

Insider Activity at Murray Income Trust

In other news, insider Andrew Page bought 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of GBX 853 ($11.06) per share, with a total value of £21,325 ($27,651.71). 3.00% of the stock is currently owned by company insiders.

About Murray Income Trust

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