Merchants Trust (LON:MRCH) Share Price Crosses Above 50-Day Moving Average of $527.70

Merchants Trust (LON:MRCH) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 527.70 ($6.52) and traded as high as GBX 553 ($6.83). Merchants Trust shares last traded at GBX 550 ($6.79), with a volume of 198,751 shares trading hands.

Merchants Trust Trading Down 0.0 %

The company has a current ratio of 0.31, a quick ratio of 0.70 and a debt-to-equity ratio of 10.67. The firm has a market capitalization of £808.73 million, a P/E ratio of 4,230.77 and a beta of 0.91. The business has a 50 day moving average of GBX 527.70 and a 200-day moving average of GBX 527.02.

Merchants Trust Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 18th will be issued a GBX 7.10 ($0.09) dividend. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, April 18th. Merchants Trust’s dividend payout ratio (DPR) is presently 21,538.46%.

Insider Buying and Selling

In other news, insider Mal Patel purchased 400 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average price of GBX 537 ($6.63) per share, with a total value of £2,148 ($2,653.16). 7.17% of the stock is currently owned by company insiders.

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.