The Merchants Trust (LON:MRCH) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

by · The Cerbat Gem

The Merchants Trust Plc (LON:MRCH – Get Free Report)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 546.59 ($7.25) and traded as low as GBX 522 ($6.93). The Merchants Trust shares last traded at GBX 533 ($7.07), with a volume of 224,270 shares traded.

The Merchants Trust Trading Down 0.2 %

The company has a market cap of £791.25 million, a PE ratio of 7.27 and a beta of 0.95. The company has a fifty day simple moving average of GBX 523.94 and a two-hundred day simple moving average of GBX 546.20.

The Merchants Trust (LON:MRCH – Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The investment trust reported GBX 29.43 ($0.39) earnings per share for the quarter. The Merchants Trust had a return on equity of 13.03% and a net margin of 90.97%.

The Merchants Trust Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 9th. Stockholders of record on Thursday, May 15th will be paid a dividend of GBX 17 ($0.23) per share. This represents a dividend yield of 5.5%. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from The Merchants Trust’s previous dividend of $3.70. The Merchants Trust’s payout ratio is 39.61%.

The Merchants Trust Company Profile

(Get Free Report)

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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