Murray Income Trust (LON:MUT) Trading Down 0.4% – Time to Sell?

Shares of Murray Income Trust PLC (LON:MUT) traded down 0.4% on Wednesday . The company traded as low as GBX 821.75 ($10.37) and last traded at GBX 823 ($10.39). 261,541 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 200,022 shares. The stock had previously closed at GBX 826 ($10.43).

Murray Income Trust Stock Performance

The company has a market cap of £854.44 million, a price-to-earnings ratio of 1,143.06 and a beta of 0.80. The firm’s 50 day simple moving average is GBX 826.22 and its 200-day simple moving average is GBX 852.84. The company has a debt-to-equity ratio of 11.60, a quick ratio of 3.64 and a current ratio of 2.92.

Murray Income Trust Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 13th will be issued a GBX 9.50 ($0.12) dividend. The ex-dividend date is Thursday, February 13th. This represents a yield of 1.17%. Murray Income Trust’s payout ratio is 5,416.67%.

Insider Transactions at Murray Income Trust

In related news, insider Peter Tait acquired 5,000 shares of Murray Income Trust stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of GBX 36 ($0.45) per share, for a total transaction of £1,800 ($2,271.87). Insiders own 3.00% of the company’s stock.

Murray Income Trust Company Profile

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.