The Merchants Trust Plc (LON:MRCH – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 577.21 ($7.49) and traded as low as GBX 557 ($7.22). The Merchants Trust shares last traded at GBX 563 ($7.30), with a volume of 211,957 shares changing hands.
The Merchants Trust Price Performance
The stock has a market capitalization of £837.09 million, a price-to-earnings ratio of 771.22 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 company has a fifty day simple moving average of GBX 581.32 and a two-hundred day simple moving average of GBX 576.98.
The Merchants Trust Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 10th will be issued a GBX 7.30 ($0.09) dividend. The ex-dividend date is Thursday, October 10th. This is a boost from The Merchants Trust’s previous dividend of $7.20. This represents a yield of 1.25%. The Merchants Trust’s payout ratio is currently 3,972.60%.
The Merchants Trust Company Profile
The Merchants Trust Plc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index.
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