The Merchants Trust Plc (LON:MRCH - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 562.97 ($7.28) and traded as low as GBX 520.60 ($6.73). The Merchants Trust shares last traded at GBX 521 ($6.73), with a volume of 407,660 shares.
The Merchants Trust Stock Performance
The stock has a market capitalization of £780.84 million, a P/E ratio of 7.17 and a beta of 0.95. The stock's fifty day moving average price is GBX 541.71 and its two-hundred day moving average price is GBX 561.43.
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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