The Merchants Trust Plc (LON:MRCH – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 573.39 ($7.00) and traded as low as GBX 532.70 ($6.50). The Merchants Trust shares last traded at GBX 540 ($6.59), with a volume of 303,931 shares changing hands.
The Merchants Trust Trading Down 2.4 %
The firm has a market cap of £782.17 million, a price-to-earnings ratio of 721.92 and a beta of 0.95. The company has a quick ratio of 0.70, a current ratio of 0.55 and a debt-to-equity ratio of 7.59. The company has a 50-day moving average price of GBX 556.58 and a 200 day moving average price of GBX 572.88.
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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