Mid Wynd International Inv Tr (LON:MWY) Stock Passes Above 50-Day Moving Average - Should You Sell?

During trading on Wednesday, Mid Wynd International Investment Trust (LON:MWY) saw its stock cross above its 50-day moving average. This moving average stands at GBX 788.47 ($10.26), and the stock reached a peak of GBX 811 ($10.56). As of the last close, the shares traded at GBX 797 ($10.37), with a total trading volume of 178,122 shares.

Current Stock Performance

Mid Wynd International Investment Trust currently has a market capitalization of £381.12 million. The stock's price-to-earnings (P/E) ratio is notably high at 838.95, and it carries a beta of 0.55, indicating lower volatility compared to the overall market. The stock has a recent 50-day simple moving average of GBX 788.47 and a longer-term 200-day simple moving average of GBX 782.92. In terms of liquidity, the company shows a quick ratio of 1.73 and a current ratio of 4.55, while its debt-to-equity ratio stands at 0.63.

Dividend Announcement

Recently, Mid Wynd International announced an increase in its dividend. The next payment will be made on Friday, November 8th, to shareholders recorded on Thursday, October 10th. The dividend to be paid is GBX 4.15 ($0.05), translating to a yield of 0.54%. This increase marks a rise from a previous dividend of GBX 3.85. However, it's important to note that the company has a very high dividend payout ratio of 842.11%.

Insider Trading Activity

In related news, insider Alan Scott sold 6,000 shares of the company’s stock on Monday, October 28th. The shares were sold at an average price of GBX 786 ($10.23), totaling approximately £47,160 ($61,390.26). Currently, insiders hold 28.54% of the shares in the company.

About Mid Wynd International Investment Trust

Mid Wynd International Investment Trust plc is a closed-ended equity mutual fund that is managed by Artemis Fund Managers Limited. The investment strategy focuses on investing in public equity markets globally and seeks to include a range of stocks from different sectors and market capitalizations.

Investment Considerations

Before making a decision to invest in Mid Wynd International, potential investors may want to consider recent ratings and recommendations. At present, the stock holds a "Hold" rating among analysts. Additionally, research by MarketBeat highlights five alternative stocks that may offer better opportunities than Mid Wynd International. Investors may wish to review these recommendations prior to making any investment decisions.

In summary, while the stock is currently trending positively, potential investors should weigh the company's financial health, recent dividend announcement, insider trading activity, and market positioning before deciding whether to buy or sell.

MidWynd, Investment, Stock