The Merchants Trust Plc (LON:MRCH – Get Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 632.99 and traded as high as GBX 659. The Merchants Trust shares last traded at GBX 654, with a volume of 275,961 shares traded.
The Merchants Trust Stock Performance
The stock has a 50-day moving average price of GBX 632.99 and a two-hundred day moving average price of GBX 622.23. The stock has a market capitalization of £965.52 million, a PE ratio of 5.97 and a beta of 1.10.
Insiders Place Their Bets
In other The Merchants Trust news, insider Neil Galloway purchased 3,500 shares of the business’s stock in a transaction on Monday, June 8th. The stock was acquired at an average price of GBX 624 per share, for a total transaction of £21,840. Corporate insiders own 0.13% of the company’s stock.
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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