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Murray Income Trust (LON:MUT) Share Price Crosses Above Fifty Day Moving Average - Should You Sell?

Murray Income Trust logo with Financial Services background

Key Points

  • Murray Income Trust's share price surpassed its 50-day moving average on Monday, reaching a high of GBX 899 ($12.18) before closing at GBX 893 ($12.10).
  • The company announced a recent dividend payout of GBX 9.50, resulting in a substantial yield of 117.0%, despite a payout ratio of 158.44%.
  • Murray Income Trust has a market capitalization of £875.18 million and a current P/E ratio of 3,679.14, suggesting it may be significantly undervalued.
  • Five stocks to consider instead of Murray Income Trust.

Murray Income Trust PLC (LON:MUT - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 888.53 ($12.05) and traded as high as GBX 899 ($12.19). Murray Income Trust shares last traded at GBX 893 ($12.11), with a volume of 73,228 shares changing hands.

Murray Income Trust Price Performance

The stock has a market capitalization of £881.03 million, a PE ratio of 3,703.70 and a beta of 0.80. The business's fifty day moving average price is GBX 890.73 and its two-hundred day moving average price is GBX 856.16.

Murray Income Trust (LON:MUT - Get Free Report) last announced its quarterly earnings data on Friday, September 12th. The company reported GBX 38.60 earnings per share for the quarter. Murray Income Trust had a net margin of 92.34% and a return on equity of 9.57%.

About Murray Income Trust

(Get Free Report)

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

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