The Merchants Trust Plc (LON:MRCH – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 665 and last traded at GBX 659.98, with a volume of 18349 shares. The stock had previously closed at GBX 653.
The Merchants Trust Stock Performance
The company has a market cap of £975.85 million, a price-to-earnings ratio of 6.03 and a beta of 1.10. The firm has a fifty day moving average price of GBX 637.41 and a 200 day moving average price of GBX 624.33.
Insiders Place Their Bets
In other news, insider Neil Galloway purchased 3,500 shares of the company’s stock in a transaction on Monday, June 8th. The shares were purchased at an average cost of GBX 624 per share, with a total value 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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