Shares of The Merchants Trust Plc (LON:MRCH – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 573.78 ($7.10) and traded as low as GBX 544 ($6.73). The Merchants Trust shares last traded at GBX 551 ($6.82), with a volume of 71,501 shares trading hands.
The Merchants Trust Price Performance
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 moving average price of GBX 558.93 and a two-hundred day moving average price of GBX 573.67. The company has a market cap of £829.67 million, a P/E ratio of 765.75 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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