The Merchants Trust Plc (LON:MRCH – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 569.07 ($7.11) and traded as low as GBX 545.60 ($6.82). The Merchants Trust shares last traded at GBX 548 ($6.85), with a volume of 288,771 shares trading hands.
The Merchants Trust Price Performance
The business has a fifty day moving average of GBX 551.66 and a 200 day moving average of GBX 569.07. The company has a debt-to-equity ratio of 7.59, a current ratio of 0.55 and a quick ratio of 0.70. The stock has a market cap of £808.46 million, a PE ratio of 746.18 and a beta of 0.95.
About The Merchants Trust
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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