Murray Income Trust (LON:MUT) Stock Breaks Below 50 Day Moving Average – Here’s What Happened

Murray Income Trust PLC (LON:MUT)’s stock price crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 996.26 and traded as low as GBX 966.80. Murray Income Trust shares last traded at GBX 973.78, with a volume of 341,257 shares changing hands.

Murray Income Trust Stock Up 0.4%

The company has a market capitalization of £908.88 million, a P/E ratio of 8.14 and a beta of 1.18. The company has a quick ratio of 3.63, a current ratio of 6.08 and a debt-to-equity ratio of 10.78. The firm has a fifty day simple moving average of GBX 995.82 and a 200-day simple moving average of GBX 959.24.

Murray Income Trust (LON:MUT) last released its quarterly earnings data on Wednesday, September 9th. The company reported GBX 40.60 earnings per share for the quarter. Murray Income Trust had a return on equity of 13.83% and a net margin of 95.27%.

Insiders Place Their Bets

In related news, insider Peter Tait purchased 2,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were purchased at an average price of GBX 907 per share, with a total value of £18,140. Insiders own 0.20% of the company’s stock.

About Murray Income Trust

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