The Merchants Trust Plc (LON:MRCH – Get Free Report)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 666.46 and traded as high as GBX 670. The Merchants Trust shares last traded at GBX 659, with a volume of 176,608 shares changing hands.
The Merchants Trust Trading Up 0.6%
The firm has a 50 day moving average of GBX 666.82 and a 200-day moving average of GBX 635.65. The company has a market cap of £972.90 million, a P/E ratio of 6.01 and a beta of 1.10.
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.
See Also
- Five stocks we like better than The Merchants Trust
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
- Kroger’s Textbook Entry for Buy-and-Hold Investors
- AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
- Amgen Drops 10% on a Trial It Didn’t Even Run
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.
