The Merchants Trust Plc (LON:MRCH – Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 572.18 ($6.96) and traded as low as GBX 551 ($6.70). The Merchants Trust shares last traded at GBX 552 ($6.72), with a volume of 309,166 shares traded.
The Merchants Trust Stock Performance
The stock has a market capitalization of £819.28 million, a P/E ratio of 756.16 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 business has a 50-day moving average price of GBX 554.44 and a 200 day moving average price of GBX 572.29.
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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