The Merchants Trust (LON:MRCH) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

The Merchants Trust Plc (LON:MRCH) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 574.45 ($7.20) and traded as low as GBX 548.48 ($6.88). The Merchants Trust shares last traded at GBX 555 ($6.96), with a volume of 36,244 shares.

The Merchants Trust Trading Up 1.3 %

The company has a current ratio of 0.55, a quick ratio of 0.70 and a debt-to-equity ratio of 7.59. The company has a market cap of £823.73 million, a PE ratio of 760.27 and a beta of 0.95. The company has a fifty day simple moving average of GBX 561.87 and a two-hundred day simple moving average of GBX 574.45.

The Merchants Trust Increases Dividend

The company also recently announced a dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 10th were paid a dividend of GBX 7.30 ($0.09) per share. This represents a dividend yield of 1.25%. This is a positive change from The Merchants Trust’s previous dividend of $7.20. The ex-dividend date was Thursday, October 10th. The Merchants Trust’s dividend payout ratio is presently 3,972.60%.

The Merchants Trust Company Profile

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.