M&G Credit Income Investment (LON:MGCI) Trading Down 0.9% – Time to Sell?

Shares of M&G Credit Income Investment (LON:MGCI) were down 0.9% during mid-day trading on Tuesday . The stock traded as low as GBX 92 and last traded at GBX 92. Approximately 483,265 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 469,268 shares. The stock had previously closed at GBX 92.80.

M&G Credit Income Investment Price Performance

The stock has a market capitalization of £189.10 million, a price-to-earnings ratio of 15.67 and a beta of 0.35. The firm has a fifty day moving average of GBX 90.88 and a 200 day moving average of GBX 92.36.

M&G Credit Income Investment (LON:MGCI) last announced its quarterly earnings results on Monday, March 30th. The company reported GBX 5.28 earnings per share (EPS) 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.

Insider Activity

In other news, insider Christiane Elsenbach purchased 22,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average cost of GBX 91 per share, with a total value of £20,020. 0.09% of the stock is currently owned by corporate 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.