Merchants Trust (LON:MRCH) Share Price Passes Below 200-Day Moving Average of $535.90

Merchants Trust (LON:MRCH)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 535.90 ($6.58) and traded as low as GBX 519.86 ($6.38). Merchants Trust shares last traded at GBX 526 ($6.46), with a volume of 313,354 shares traded.

Merchants Trust Price Performance

The stock’s 50-day moving average is GBX 516.74 and its two-hundred day moving average is GBX 535.72. The company has a market capitalization of £772.28 million, a PE ratio of 4,030.77 and a beta of 0.91. The company has a current ratio of 0.31, a quick ratio of 0.70 and a debt-to-equity ratio of 10.67.

Merchants Trust Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, November 10th. Investors of record on Thursday, October 5th were paid a dividend of GBX 7.10 ($0.09) per share. This represents a dividend yield of 1.31%. The ex-dividend date was Thursday, October 5th. Merchants Trust’s dividend payout ratio is currently 21,538.46%.

About Merchants Trust

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.