M&G Credit Income Investment (LON:MGCI) Stock Price Down 0.1% – Here’s What Happened

M&G Credit Income Investment (LON:MGCI)’s stock price traded down 0.1% during mid-day trading on Friday . The stock traded as low as GBX 94 and last traded at GBX 94.40. 384,059 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 459,030 shares. The stock had previously closed at GBX 94.50.

M&G Credit Income Investment Price Performance

The firm has a 50 day simple moving average of GBX 95.09 and a two-hundred day simple moving average of GBX 95.30. The stock has a market cap of £184.17 million, a price-to-earnings ratio of 16.08 and a beta of 0.38.

M&G Credit Income Investment (LON:MGCI) last posted its earnings results on Wednesday, September 17th. The company reported GBX 2.61 earnings per share (EPS) for the quarter. M&G Credit Income Investment had a return on equity of 10.78% and a net margin of 88.81%.

Insiders Place Their Bets

In other news, insider Richard Boleat purchased 10,200 shares of M&G Credit Income Investment stock in a transaction dated Wednesday, November 5th. The shares were bought at an average cost of GBX 94 per share, with a total value of £9,588. Company insiders own 0.08% of the company’s stock.

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.