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North American Income Trust (LON:NAIT) Shares Pass Below 50-Day Moving Average - Here's Why

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Shares of North American Income Trust (LON:NAIT - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 339.26 ($4.39) and traded as low as GBX 316 ($4.09). North American Income Trust shares last traded at GBX 321 ($4.15), with a volume of 434,310 shares.

North American Income Trust Stock Performance

The company has a quick ratio of 7.40, a current ratio of 12.03 and a debt-to-equity ratio of 8.54. The firm has a fifty day simple moving average of GBX 338.85 and a 200-day simple moving average of GBX 328.49. The company has a market cap of £397.85 million, a PE ratio of 7.98 and a beta of 0.66.

North American Income Trust Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 2nd were issued a dividend of GBX 2.70 ($0.03) per share. This represents a dividend yield of 0.81%. The ex-dividend date was Thursday, January 2nd. North American Income Trust's dividend payout ratio is currently 29.54%.

Insider Buying and Selling

In other news, insider Charles Park acquired 95,000 shares of North American Income Trust stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average price of GBX 344 ($4.45) per share, for a total transaction of £326,800 ($422,713.75). Corporate insiders own 8.11% of the company's stock.

About North American Income Trust

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