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Murray Income Trust (LON:MUT) Stock Passes Below 200 Day Moving Average - Time to Sell?

Murray Income Trust logo with Financial Services background
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Murray Income Trust PLC (LON:MUT - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 834.82 ($10.84) and traded as low as GBX 828 ($10.75). Murray Income Trust shares last traded at GBX 834 ($10.83), with a volume of 96,511 shares traded.

Murray Income Trust Stock Down 0.6 %

The stock has a 50 day moving average of GBX 844.39 and a 200 day moving average of GBX 834.05. The firm has a market cap of £822.25 million, a price-to-earnings ratio of 9.07 and a beta of 0.80.

Murray Income Trust (LON:MUT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported GBX 15.20 ($0.20) earnings per share for the quarter. Murray Income Trust had a net margin of 92.34% and a return on equity of 9.57%.

Murray Income Trust Cuts Dividend

The firm 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. 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 is presently 42.97%.

Insider Transactions at Murray Income Trust

In related news, insider Andrew Page purchased 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of GBX 853 ($11.08) per share, with a total value of £21,325 ($27,691.21). 3.00% of the stock is owned by insiders.

About Murray Income Trust

(Get Free Report)

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

Further Reading

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