Shares of The Merchants Trust Plc (LON:MRCH – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 690 and last traded at GBX 689, with a volume of 51511 shares trading hands. The stock had previously closed at GBX 684.
The Merchants Trust Price Performance
The stock’s fifty day simple moving average is GBX 656.72 and its two-hundred day simple moving average is GBX 633.03. The company has a market capitalization of £1.02 billion, a price-to-earnings ratio of 6.28 and a beta of 1.11.
Insider Buying and Selling at The Merchants Trust
In other The Merchants Trust 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. 0.13% of the stock is currently owned by corporate insiders.
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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