The Merchants Trust Plc (LON:MRCH – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 666.46 and traded as high as GBX 670. The Merchants Trust shares last traded at GBX 659, with a volume of 176,608 shares changing hands.
The Merchants Trust Price Performance
The company has a 50-day moving average price of GBX 666.46 and a 200 day moving average price of GBX 635.47. The firm has a market capitalization of £983.24 million, a PE ratio of 6.08 and a beta of 1.10.
About The Merchants Trust
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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