The Merchants Trust (LON:MRCH) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Shares of The Merchants Trust Plc (LON:MRCH) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 577.74 ($7.52) and traded as low as GBX 560 ($7.29). The Merchants Trust shares last traded at GBX 564 ($7.34), with a volume of 170,682 shares trading hands.

The Merchants Trust Stock Down 0.5 %

The company has a current ratio of 0.55, a quick ratio of 0.70 and a debt-to-equity ratio of 7.59. The firm has a market cap of £832.64 million, a P/E ratio of 768.49 and a beta of 0.95. The company’s 50 day simple moving average is GBX 577.18 and its 200-day simple moving average is GBX 577.85.

The Merchants Trust Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 10th will be paid a GBX 7.30 ($0.10) dividend. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, October 10th. This is a boost from The Merchants Trust’s previous dividend of $7.20. The Merchants Trust’s dividend payout ratio is 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.