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 567.77 ($7.15) and traded as low as GBX 539.20 ($6.79). The Merchants Trust shares last traded at GBX 543 ($6.83), with a volume of 392,777 shares traded.
The Merchants Trust Price Performance
The stock’s fifty day simple moving average is GBX 549.27 and its 200-day simple moving average is GBX 567.22. The stock has a market cap of £809.10 million, a P/E ratio of 7.43 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.
See Also
- Five stocks we like better than The Merchants Trust
- What is the MACD Indicator and How to Use it in Your Trading
- Roblox’s Big Dip: A Chance to Get in on the Vaunted Gaming Stock?
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- 3 Dividend ETFs to Capitalize on the Slide in Chip Stocks
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Is Chevron Stock Primed for Growth After Profit-Boosting News?
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.
