The Merchants Trust Plc (LON:MRCH – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 572.18 ($6.96) and traded as low as GBX 551 ($6.70). The Merchants Trust shares last traded at GBX 552 ($6.72), with a volume of 309,166 shares changing hands.
The Merchants Trust Price Performance
The company’s fifty day moving average is GBX 554.44 and its 200 day moving average is GBX 572.29. The company has a quick ratio of 0.70, a current ratio of 0.55 and a debt-to-equity ratio of 7.59. The stock has a market cap of £819.28 million, a PE ratio of 756.16 and a beta of 0.95.
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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