The Merchants Trust Plc (LON:MRCH – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 690 and last traded at GBX 689, with a volume of 51511 shares. The stock had previously closed at GBX 684.
The Merchants Trust Stock Performance
The firm has a market cap of £1.02 billion, a price-to-earnings ratio of 6.28 and a beta of 1.11. The stock’s fifty day moving average is GBX 656.72 and its two-hundred day moving average is GBX 633.03.
Insider Buying and Selling
In other news, insider Neil Galloway purchased 3,500 shares of the company’s stock in a transaction on Monday, June 8th. The shares were bought at an average price of GBX 624 per share, for a total transaction of £21,840. Company insiders own 0.13% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than The Merchants Trust
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for The Merchants Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Merchants Trust and related companies with MarketBeat.com's FREE daily email newsletter.
