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

The Merchants Trust Plc (LON:MRCH)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 575.61 ($7.30) and traded as low as GBX 561 ($7.12). The Merchants Trust shares last traded at GBX 561 ($7.12), with a volume of 225,997 shares trading hands.

The Merchants Trust Price Performance

The stock has a market capitalization of £826.76 million, a price-to-earnings ratio of 768.49 and a beta of 0.95. 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 stock has a 50-day moving average price of GBX 564.37 and a 200 day moving average price of GBX 575.61.

The Merchants Trust Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 10th were given a GBX 7.30 ($0.09) dividend. The ex-dividend date of this dividend was Thursday, October 10th. This is a boost from The Merchants Trust’s previous dividend of $7.20. This represents a dividend yield of 1.25%. The Merchants Trust’s payout ratio is 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.