The Merchants Trust Plc (LON:MRCH – Get Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.
The Merchants Trust Price Performance
The company has a quick ratio of 0.70, a current ratio of 0.55 and a debt-to-equity ratio of 7.59. The company’s 50 day moving average is GBX 557.68 and its 200 day moving average is GBX 573.39. The firm has a market capitalization of £798.50 million, a price-to-earnings ratio of 736.99 and a beta of 0.95.
About The Merchants Trust
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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