The Merchants Trust Plc (LON:MRCH – Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 654.26 and traded as high as GBX 677. The Merchants Trust shares last traded at GBX 677, with a volume of 1,160,385 shares trading hands.
The Merchants Trust Stock Up 0.6%
The stock has a market capitalization of £1.00 billion, a PE ratio of 6.19 and a beta of 1.11. The stock has a fifty day moving average of GBX 655.82 and a 200-day moving average of GBX 632.70.
Insider Activity
In related news, insider Neil Galloway acquired 3,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was acquired at an average price of GBX 624 per share, for a total transaction of £21,840. 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.
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