Shares of The Merchants Trust Plc (LON:MRCH – Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 628.19 and traded as high as GBX 642. The Merchants Trust shares last traded at GBX 638, with a volume of 125,862 shares traded.
The Merchants Trust Price Performance
The firm has a market cap of £944.85 million, a price-to-earnings ratio of 5.84 and a beta of 1.10. The firm has a fifty day simple moving average of GBX 628.19 and a two-hundred day simple moving average of GBX 620.18.
Insider Activity at The Merchants Trust
In related news, insider Neil Galloway acquired 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average cost of GBX 624 per share, with a total value of £21,840. 0.13% of the stock is owned by insiders.
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.
Read More
- Five stocks we like better than The Merchants Trust
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
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.
