North American Income Trust (LON:NAIT) Sets New 52-Week High at $312.00

North American Income Trust (LON:NAIT)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 312 ($4.12) and last traded at GBX 312 ($4.12), with a volume of 225855 shares changing hands. The stock had previously closed at GBX 307 ($4.06).

North American Income Trust Price Performance

The stock has a fifty day moving average of GBX 303.20 and a 200-day moving average of GBX 294.96. The company has a quick ratio of 7.40, a current ratio of 14.91 and a debt-to-equity ratio of 8.98. The firm has a market capitalization of £401.88 million, a P/E ratio of -4,428.57 and a beta of 0.66.

North American Income Trust Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 4th were given a GBX 2.70 ($0.04) dividend. The ex-dividend date was Thursday, July 4th. This represents a yield of 0.91%. North American Income Trust’s payout ratio is -17,142.86%.

Insider Buying and Selling

In other news, insider Patrick Edwardson acquired 16,245 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average cost of GBX 297 ($3.92) per share, for a total transaction of £48,247.65 ($63,735.34). Insiders bought a total of 200,000 shares of company stock worth $59,700,000 over the last three months. 8.11% of the stock is currently owned by company insiders.

North American Income Trust Company Profile

The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index.