The Merchants Trust Plc (LON:MRCH – Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 662.38 and traded as high as GBX 687. The Merchants Trust shares last traded at GBX 681, with a volume of 216,836 shares traded.
The Merchants Trust Trading Up 0.3%
The firm’s fifty day moving average price is GBX 663.12 and its 200-day moving average price is GBX 634.75. The company has a market cap of £1.00 billion, a price-to-earnings ratio of 6.20 and a beta of 1.11.
Insider Activity at The Merchants Trust
In other news, insider Neil Galloway bought 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of GBX 624 per share, with a total value 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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