The Merchants Trust Plc (LON:MRCH – Get Free Report) shares 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 Price Performance
The stock has a market capitalization of £944.85 million, a PE ratio of 5.84 and a beta of 1.10. The firm has a fifty day moving average price of GBX 629.05 and a two-hundred day moving average price of GBX 620.32.
Insiders Place Their Bets
In other The Merchants Trust news, insider Neil Galloway bought 3,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was acquired at an average cost of GBX 624 per share, for a total transaction of £21,840. 0.13% of the stock is currently owned by 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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