Murray Income Trust (LON:MUT) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Murray Income Trust PLC (LON:MUT) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 832.01 ($10.54) and traded as high as GBX 853 ($10.81). Murray Income Trust shares last traded at GBX 851 ($10.78), with a volume of 218,327 shares trading hands.

Murray Income Trust Trading Down 0.2 %

The firm’s 50-day moving average is GBX 832.01 and its 200-day moving average is GBX 839.66. The firm has a market cap of £848.76 million, a price-to-earnings ratio of 9.36 and a beta of 0.80.

Murray Income Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a GBX 9.50 ($0.12) dividend. This represents a yield of 1.17%. The ex-dividend date of this dividend is Thursday, May 15th. Murray Income Trust’s payout ratio is currently 42.97%.

Insider Activity at Murray Income Trust

In related news, insider Peter Tait acquired 5,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of GBX 36 ($0.46) per share, for a total transaction of £1,800 ($2,280.79). 3.00% of the stock is currently owned by insiders.

Murray Income Trust Company Profile

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