The Merchants Trust Plc (LON:MRCH – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 557 ($7.19) and traded as low as GBX 529 ($6.83). The Merchants Trust shares last traded at GBX 529 ($6.83), with a volume of 412,094 shares trading hands.
The Merchants Trust Price Performance
The stock has a market capitalization of £786.79 million, a PE ratio of 7.23 and a beta of 0.95. The firm’s 50 day simple moving average is GBX 538.38 and its 200 day simple moving average is GBX 556.80.
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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