The Merchants Trust (LON:MRCH) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

The Merchants Trust Plc (LON:MRCHGet Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 546.59 ($7.23) and traded as low as GBX 522 ($6.91). The Merchants Trust shares last traded at GBX 533 ($7.05), with a volume of 224,270 shares traded.

The Merchants Trust Trading Down 1.5 %

The stock has a market cap of £780.85 million, a PE ratio of 7.17 and a beta of 0.95. The business has a 50-day moving average price of GBX 524.30 and a 200 day moving average price of GBX 546.59.

The Merchants Trust (LON:MRCHGet Free Report) last issued its earnings results on Wednesday, April 9th. The investment trust reported GBX 29.43 ($0.39) earnings per share (EPS) for the quarter. The Merchants Trust had a net margin of 90.97% and a return on equity of 13.03%.

The Merchants Trust Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 9th. Stockholders of record on Thursday, May 15th will be issued a dividend of GBX 17 ($0.23) per share. This is a positive change from The Merchants Trust’s previous dividend of $3.70. The ex-dividend date of this dividend is Thursday, May 15th. This represents a dividend yield of 5.5%. The Merchants Trust’s payout ratio is presently 39.61%.

The Merchants Trust Company Profile

(Get Free Report)

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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