M&G Credit Income Investment (LON:MGCI) Trading Up 0.7% - Here's Why

Key Points

• Shares rose 0.7% to GBX 92 on Thursday, but volume was thin at 93,557 shares—about an 83% decline versus the average session volume.
• Recent results and valuation: market cap £189.1m, P/E 15.67, reported quarterly EPS GBX 5.28 with ROE 7.59% and net margin 107.77%; 50-day/200-day moving averages are GBX 91.36/93.59.
• Insider buy: director Richard Boleat acquired 10,000 shares at GBX 94 in February, and company insiders collectively own 0.09% of the stock.

M&G Credit Income Investment (LON:MGCI - Get Free Report) shot up 0.7% on Thursday . The company traded as high as GBX 92 and last traded at GBX 92. 93,557 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 556,749 shares. The stock had previously closed at GBX 91.40.

M&G Credit Income Investment Stock Performance

The stock has a market capitalization of £189.10 million, a P/E ratio of 15.67 and a beta of 0.40. The firm has a 50-day moving average price of GBX 91.36 and a 200 day moving average price of GBX 93.59.

M&G Credit Income Investment (LON:MGCI - Get Free Report) last issued its earnings results on Monday, March 30th. The company reported GBX 5.28 earnings per share for the quarter. M&G Credit Income Investment had a return on equity of 7.59% and a net margin of 107.77%.The company had revenue of GBX 1,155 million during the quarter.

Insiders Place Their Bets

In related news, insider Richard Boleat acquired 10,000 shares of M&G Credit Income Investment stock in a transaction that occurred on Tuesday, February 10th. The stock was bought at an average price of GBX 94 per share, with a total value of £9,400. 0.09% of the stock is currently owned by company insiders.

About M&G Credit Income Investment

M&G Credit Income Investment Trust plc invests in a portfolio of public and private debt and debt-like instruments. The company was incorporated in 2018 and is based in London, the United Kingdom.

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