The Merchants Trust Plc (LON:MRCH – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 573.78 ($7.10) and traded as low as GBX 544 ($6.73). The Merchants Trust shares last traded at GBX 551 ($6.82), with a volume of 71,501 shares trading hands.
The Merchants Trust Stock Up 0.2 %
The stock has a market cap of £829.67 million, a P/E ratio of 765.75 and a beta of 0.95. The company has a debt-to-equity ratio of 7.59, a quick ratio of 0.70 and a current ratio of 0.55. The firm has a 50 day simple moving average of GBX 558.93 and a two-hundred day simple moving average of GBX 573.67.
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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