The Merchants Trust Plc (LON:MRCH – Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 559.52 ($7.25) and traded as low as GBX 521 ($6.75). The Merchants Trust shares last traded at GBX 525 ($6.80), with a volume of 204,963 shares trading hands.
The Merchants Trust Trading Up 0.2 %
The company has a market cap of £780.84 million, a price-to-earnings ratio of 7.17 and a beta of 0.95. The business’s 50 day moving average price is GBX 539.60 and its 200-day moving average price is GBX 559.52.
The Merchants Trust Company Profile
The Merchants Trust (MRCH) is managed by Simon Gergel at Allianz GIobal Investors. The Trust aims to generate a high and growing level of income, with the potential for long-term capital growth, from a portfolio of mainly higher yielding large UK companies. Merchants has a distinguished dividend history and is an AIC dividend hero, payouts have grown in each of the last 38 consecutive years.
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