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 trading hands.
The Merchants Trust Stock Up 0.3%
The business’s 50 day moving average is GBX 628.19 and its 200 day moving average is GBX 620.18. The company has a market cap of £944.85 million, a P/E ratio of 5.84 and a beta of 1.10.
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, for a total transaction of £21,840. Insiders own 0.13% of the company’s stock.
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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