M&G Credit Income Investment (LON:MGCI) Shares Down 0.2% – Here’s What Happened

M&G Credit Income Investment (LON:MGCI) shares fell 0.2% during mid-day trading on Tuesday . The company traded as low as GBX 91 and last traded at GBX 93.20. Approximately 350,226 shares traded hands during trading, a decline of 23% from the average daily volume of 452,152 shares. The stock had previously closed at GBX 93.40.

M&G Credit Income Investment Price Performance

The stock has a market cap of £191.57 million, a P/E ratio of 15.88 and a beta of 0.35. The firm’s 50-day moving average price is GBX 91.36 and its 200-day moving average price is GBX 92.15.

Insiders Place Their Bets

In related news, insider Christiane Elsenbach bought 22,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of GBX 91 per share, with a total value of £20,020. Insiders own 0.10% 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.