The Merchants Trust (LON:MRCH) Trading 0.7% Higher – Time to Buy?

Shares of The Merchants Trust Plc (LON:MRCH) were up 0.7% during trading on Friday . The stock traded as high as GBX 569 ($7.25) and last traded at GBX 568 ($7.24). Approximately 121,294 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 213,097 shares. The stock had previously closed at GBX 564 ($7.19).

The Merchants Trust Price Performance

The company has a quick ratio of 0.70, a current ratio of 0.55 and a debt-to-equity ratio of 7.59. The stock’s 50 day moving average price is GBX 566.19 and its two-hundred day moving average price is GBX 576.13. The stock has a market cap of £843.03 million, a price-to-earnings ratio of 778.08 and a beta of 0.95.

The Merchants Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 10th were issued a GBX 7.30 ($0.09) dividend. This represents a yield of 1.25%. This is a positive change from The Merchants Trust’s previous dividend of $7.20. The ex-dividend date of this dividend was Thursday, October 10th. The Merchants Trust’s dividend payout ratio is presently 3,972.60%.

The Merchants Trust Company Profile

The Merchants Trust Plc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index.