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North American Income Trust (LON:NAIT) Hits New 1-Year High - Should You Buy?

North American Income Trust logo with Financial Services background

North American Income Trust (LON:NAIT - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as GBX 333 ($4.32) and last traded at GBX 319.61 ($4.15), with a volume of 700973 shares. The stock had previously closed at GBX 328 ($4.26).

North American Income Trust Trading Down 2.6 %

The company has a market capitalization of £414.34 million, a PE ratio of -4,640.39 and a beta of 0.66. The stock's fifty day moving average price is GBX 311.63 and its two-hundred day moving average price is GBX 300.56. The company has a quick ratio of 7.40, a current ratio of 14.91 and a debt-to-equity ratio of 8.98.

North American Income Trust Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a GBX 2.70 ($0.04) dividend. This represents a yield of 0.88%. The ex-dividend date is Thursday, October 10th. North American Income Trust's payout ratio is currently -17,142.86%.

Insider Buying and Selling at North American Income Trust

In other North American Income Trust news, insider Patrick Edwardson sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of GBX 317 ($4.12), for a total transaction of £31,700 ($41,158.14). In other news, insider Patrick Edwardson sold 10,000 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of GBX 317 ($4.12), for a total transaction of £31,700 ($41,158.14). Also, insider Charles Park purchased 15,000 shares of the business's stock in a transaction dated Thursday, October 10th. The shares were purchased at an average price of GBX 321 ($4.17) per share, for a total transaction of £48,150 ($62,516.23). Insiders own 8.11% of the company's stock.

About North American Income Trust

(Get Free Report)

The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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