North American Income Trust (LON:NAIT) Shares Cross Below 50-Day Moving Average – What’s Next?

Posted by Elija Maina on Dec 28th, 2024

North American Income Trust (LON:NAIT – Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 332.82 ($4.19) and traded as low as GBX 326 ($4.10). North American Income Trust shares last traded at GBX 326 ($4.10), with a volume of 70,086 shares trading hands.

North American Income Trust Price Performance

The company has a debt-to-equity ratio of 8.98, a current ratio of 14.91 and a quick ratio of 7.40. The business’s 50 day moving average price is GBX 332.66 and its 200 day moving average price is GBX 313.84. The stock has a market capitalization of £422.63 million, a P/E ratio of -4,657.14 and a beta of 0.66.

North American Income Trust Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be paid a GBX 2.70 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a dividend yield of 0.81%. North American Income Trust’s dividend payout ratio (DPR) is currently -17,142.86%.

Insider Activity at North American Income Trust

In other North American Income Trust news, insider Charles Park purchased 15,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were acquired at an average cost of GBX 321 ($4.04) per share, for a total transaction of £48,150 ($60,588.90). Also, insider Patrick Edwardson sold 10,000 shares of North American Income Trust stock in a transaction on Monday, October 7th. The stock was sold at an average price of GBX 317 ($3.99), for a total transaction of £31,700 ($39,889.27). 8.11% of the stock is owned by company insiders.