The Merchants Trust Plc (LON:MRCH – Get Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 590.16 and traded as low as GBX 573. The Merchants Trust shares last traded at GBX 580.94, with a volume of 349,655 shares trading hands.
The Merchants Trust Price Performance
The company has a market cap of £857.67 million, a P/E ratio of 25.34 and a beta of 1.09. The stock has a fifty day moving average price of GBX 626.02 and a two-hundred day moving average price of GBX 590.16.
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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