The Merchants Trust Plc (LON:MRCH – Get Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 647.22 and traded as high as GBX 684. The Merchants Trust shares last traded at GBX 680, with a volume of 171,939 shares trading hands.
The Merchants Trust Trading Down 0.3%
The firm has a 50-day simple moving average of GBX 648.20 and a two-hundred day simple moving average of GBX 629.71. The company has a market capitalization of £1.00 billion, a price-to-earnings ratio of 6.19 and a beta of 1.10.
Insider Activity at The Merchants Trust
In other news, insider Neil Galloway acquired 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were purchased 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.
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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