The Merchants Trust Plc (LON:MRCH – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 573.39 ($7.00) and traded as low as GBX 532.70 ($6.50). The Merchants Trust shares last traded at GBX 540 ($6.59), with a volume of 303,931 shares traded.
The Merchants Trust Trading Down 2.4 %
The firm has a market capitalization of £782.17 million, a price-to-earnings ratio of 721.92 and a beta of 0.95. 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 firm’s 50 day moving average is GBX 556.58 and its 200 day moving average is GBX 572.88.
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.
Further Reading
- Five stocks we like better than The Merchants Trust
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- 3 Defense Stocks Gaining From Budget and Interest Rate Pressures
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- 3 Natural Gas Stocks Set to Thrive in This Winter’s Freeze
- What Does a Stock Split Mean?
- Bullish on Athleisure? Here’s Why Lululemon Stock Shines
Receive News & Ratings for The Merchants Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Merchants Trust and related companies with MarketBeat.com's FREE daily email newsletter.
