The Merchants Trust Plc (LON:MRCH – Get Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 547.11 ($7.37) and traded as low as GBX 537.05 ($7.24). The Merchants Trust shares last traded at GBX 543 ($7.32), with a volume of 472,243 shares traded.
The Merchants Trust Trading Down 0.2%
The stock has a market capitalization of £805.95 million, a price-to-earnings ratio of 772.73 and a beta of 0.95. The stock’s 50 day moving average is GBX 550.92 and its 200 day moving average is GBX 547.11.
Insider Transactions at The Merchants Trust
In related news, insider Neil Galloway bought 8,000 shares of the business’s stock in a transaction on Wednesday, July 9th. The shares were bought at an average cost of GBX 568 per share, for a total transaction of £45,440. Insiders own 0.13% of the company’s stock.
The Merchants Trust Company Profile
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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