The Merchants Trust (LON:MRCH) Shares Cross Above 50 Day Moving Average of $524.53

The Merchants Trust Plc (LON:MRCHGet Rating)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 524.53 ($6.20) and traded as high as GBX 563 ($6.66). The Merchants Trust shares last traded at GBX 558 ($6.60), with a volume of 242,730 shares trading hands.

The Merchants Trust Stock Performance

The stock has a market capitalization of £765.84 million and a PE ratio of 885.71. The stock has a fifty day moving average of GBX 524.53 and a 200-day moving average of GBX 544.36. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 10.30.

The Merchants Trust Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, November 10th. Investors of record on Thursday, October 6th were issued a GBX 6.85 ($0.08) dividend. The ex-dividend date of this dividend was Thursday, October 6th. This represents a yield of 1.41%. The Merchants Trust’s dividend payout ratio (DPR) is presently 43.41%.

The Merchants Trust Company Profile

(Get Rating)

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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