The Merchants Trust Plc (LON:MRCH – Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 559.52 ($7.24) and traded as low as GBX 521 ($6.74). The Merchants Trust shares last traded at GBX 525 ($6.79), with a volume of 204,963 shares changing hands.
The Merchants Trust Trading Up 1.3 %
The business has a 50 day moving average of GBX 539.06 and a two-hundred day moving average of GBX 559.05. The firm has a market cap of £791.25 million, a P/E ratio of 7.27 and a beta of 0.95.
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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