M&G Credit Income Investment (LON:MGCI) Stock Price Down 0.7% – Here’s What Happened

M&G Credit Income Investment (LON:MGCI)’s stock price dropped 0.7% on Thursday . The company traded as low as GBX 88.20 and last traded at GBX 89.40. Approximately 555,842 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 572,857 shares. The stock had previously closed at GBX 90.

M&G Credit Income Investment Price Performance

The firm has a market capitalization of £183.98 million, a PE ratio of 15.23 and a beta of 0.37. The stock has a 50-day moving average price of GBX 92.21 and a 200-day moving average price of GBX 94.02.

M&G Credit Income Investment (LON:MGCI) last released its quarterly earnings results on Monday, March 30th. The company reported GBX 5.28 EPS for the quarter. M&G Credit Income Investment had a return on equity of 4.20% and a net margin of 81.98%.The business had revenue of GBX 1,155 million for the quarter.

Insider Buying and Selling at M&G Credit Income Investment

In related news, insider Richard Boleat purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was acquired at an average price of GBX 94 per share, with a total value of £9,400. Insiders own 0.09% 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.