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

Murray Income Trust PLC (LON:MUT) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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.

Murray Income Trust Stock Performance

The stock has a 50 day moving average price of GBX 832.01 and a 200 day moving average price of GBX 839.66. The company has a market capitalization of £848.76 million, a P/E ratio of 9.36 and a beta of 0.80.

Murray Income Trust Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued 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 dividend payout ratio (DPR) is currently 42.97%.

Insider Buying and Selling

In related news, insider Peter Tait bought 5,000 shares of Murray Income Trust stock in a transaction on Friday, December 13th. The stock was acquired at an average price of GBX 36 ($0.46) per share, with a total value of £1,800 ($2,280.79). 3.00% of the stock is currently owned by insiders.

About Murray Income Trust

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