The Merchants Trust Plc (LON:MRCH - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 573.39 ($7.06) and traded as low as GBX 532.70 ($6.55). The Merchants Trust shares last traded at GBX 540 ($6.64), with a volume of 303,931 shares.
The Merchants Trust Price Performance
The stock has a market capitalization of £782.17 million, a PE ratio of 721.92 and a beta of 0.95. The business's 50-day moving average price is GBX 557.32 and its 200 day moving average price is GBX 573.16. The company has a debt-to-equity ratio of 7.59, a quick ratio of 0.70 and a current ratio of 0.55.
About The Merchants Trust
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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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