The Merchants Trust Plc (LON:MRCH - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 557 ($7.20) and traded as low as GBX 529 ($6.84). The Merchants Trust shares last traded at GBX 529 ($6.84), with a volume of 412,094 shares changing hands.
The Merchants Trust Stock Up 0.6 %
The business's 50-day simple moving average is GBX 538.42 and its two-hundred day simple moving average is GBX 556.17. The firm has a market cap of £789.76 million, a price-to-earnings ratio of 7.25 and a beta of 0.95.
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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