The Merchants Trust Plc (LON:MRCH – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 567.77 ($7.15) and traded as low as GBX 539.20 ($6.79). The Merchants Trust shares last traded at GBX 543 ($6.83), with a volume of 392,777 shares trading hands.
The Merchants Trust Trading Up 0.2 %
The firm has a market capitalization of £809.10 million, a price-to-earnings ratio of 7.43 and a beta of 0.95. The firm has a 50 day moving average price of GBX 549.27 and a two-hundred day moving average price of GBX 567.22.
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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