The Merchants Trust Plc (LON:MRCH – Get Free Report)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 590.16 and traded as low as GBX 573. The Merchants Trust shares last traded at GBX 580.94, with a volume of 349,655 shares.
The Merchants Trust Stock Up 0.2%
The company’s fifty day moving average price is GBX 626.02 and its two-hundred day moving average price is GBX 590.16. The company has a market cap of £857.67 million, a price-to-earnings ratio of 25.34 and a beta of 1.09.
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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