Merchants Trust (LON:MRCH) Hits New 1-Year High at $578.00

Merchants Trust (LON:MRCH)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 578 ($7.26) and last traded at GBX 576.87 ($7.25), with a volume of 49182 shares changing hands. The stock had previously closed at GBX 569 ($7.15).

Merchants Trust Trading Up 1.1 %

The stock’s 50-day simple moving average is GBX 534.74 and its 200-day simple moving average is GBX 530.31. The company has a debt-to-equity ratio of 13.87, a quick ratio of 0.70 and a current ratio of 0.55. The firm has a market capitalization of £853.14 million, a PE ratio of -2,709.52 and a beta of 0.96.

Merchants Trust Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 18th will be paid a GBX 7.10 ($0.09) dividend. This represents a yield of 1.33%. The ex-dividend date is Thursday, April 18th. Merchants Trust’s payout ratio is currently -13,333.33%.

Insider Buying and Selling at Merchants Trust

In other news, insider Mal Patel purchased 400 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were bought at an average cost of GBX 537 ($6.75) per share, for a total transaction of £2,148 ($2,698.49). Insiders own 7.25% of the company’s stock.

About Merchants Trust

The Merchants Trust Plc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index.