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Murray Income Trust (LON:MUT) Reaches New 1-Year Low - Time to Sell?

Murray Income Trust logo with Financial Services background

Murray Income Trust PLC (LON:MUT - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 797 ($9.96) and last traded at GBX 799.94 ($10.00), with a volume of 1416488 shares changing hands. The stock had previously closed at GBX 807 ($10.09).

Murray Income Trust Trading Down 0.2 %

The firm has a market cap of £835.75 million, a price-to-earnings ratio of 1,118.06 and a beta of 0.80. The business has a 50 day moving average of GBX 823.24 and a 200 day moving average of GBX 851.07. The company has a quick ratio of 3.64, a current ratio of 2.92 and a debt-to-equity ratio of 11.60.

Murray Income Trust Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 13th will be given a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a yield of 1.17%. Murray Income Trust's dividend payout ratio (DPR) is currently 5,416.67%.

Insider Activity at Murray Income Trust

In related news, insider Peter Tait purchased 5,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were bought at an average price of GBX 36 ($0.45) per share, with a total value of £1,800 ($2,249.72). 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.

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