The Merchants Trust Plc (LON:MRCH – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 569.07 ($7.11) and traded as low as GBX 545.60 ($6.82). The Merchants Trust shares last traded at GBX 548 ($6.85), with a volume of 288,771 shares changing hands.
The Merchants Trust Price Performance
The company has a debt-to-equity ratio of 7.59, a quick ratio of 0.70 and a current ratio of 0.55. The company’s fifty day moving average price is GBX 551.66 and its 200 day moving average price is GBX 569.07. The firm has a market capitalization of £808.46 million, a price-to-earnings ratio of 746.18 and a beta of 0.95.
The Merchants Trust Company Profile
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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