The Merchants Trust Plc (LON:MRCH – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 572.18 ($6.96) and traded as low as GBX 551 ($6.70). The Merchants Trust shares last traded at GBX 552 ($6.72), with a volume of 309,166 shares.
The Merchants Trust Stock Up 0.4 %
The company’s fifty day moving average price is GBX 554.44 and its 200-day moving average price is GBX 572.29. The stock has a market cap of £819.28 million, a P/E ratio of 756.16 and a beta of 0.95. The company has a debt-to-equity ratio of 7.59, a quick ratio of 0.70 and a current ratio of 0.55.
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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