The Merchants Trust Plc (LON:MRCH - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 567.77 ($7.16) and traded as low as GBX 539.20 ($6.80). The Merchants Trust shares last traded at GBX 543 ($6.85), with a volume of 392,777 shares changing hands.
The Merchants Trust Price Performance
The firm has a market capitalization of £804.64 million, a price-to-earnings ratio of 7.39 and a beta of 0.95. The stock has a fifty day moving average of GBX 548.67 and a two-hundred day moving average of GBX 566.36.
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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