Mesa Royalty Trust (NYSE:MTR) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Mesa Royalty Trust (NYSE:MTR)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.60 and traded as high as $6.91. Mesa Royalty Trust shares last traded at $6.82, with a volume of 3,461 shares trading hands.

Mesa Royalty Trust Price Performance

The firm has a 50-day moving average price of $6.60 and a 200 day moving average price of $6.57. The company has a market cap of $12.68 million, a price-to-earnings ratio of 14.50 and a beta of 0.68.

Mesa Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, January 31st will be given a $0.0005 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.09%. The ex-dividend date is Friday, January 31st. Mesa Royalty Trust’s payout ratio is 2.13%.

Mesa Royalty Trust Company Profile

Mesa Royalty Trust owns overriding royalty interests in various oil and gas producing properties in the United States. It holds interests in properties located in the Hugoton field of Kansas; and the San Juan Basin field of Northwestern New Mexico and Southwestern Colorado. The company was founded in 1979 and is based in Houston, Texas.