The Merchants Trust Plc (LON:MRCH – Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 567.77 ($7.14) and traded as low as GBX 539.20 ($6.78). The Merchants Trust shares last traded at GBX 543 ($6.82), with a volume of 392,777 shares trading hands.
The Merchants Trust Stock Down 0.5 %
The company has a market capitalization of £807.61 million, a price-to-earnings ratio of 7.42 and a beta of 0.95. The company’s 50 day simple moving average is GBX 550.17 and its two-hundred day simple moving average is GBX 567.77.
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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