The Merchants Trust (LON:MRCH) Shares Cross Below 200 Day Moving Average – Should You Sell?

The Merchants Trust Plc (LON:MRCH) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 577.21 ($7.49) and traded as low as GBX 557 ($7.22). The Merchants Trust shares last traded at GBX 563 ($7.30), with a volume of 211,957 shares.

The Merchants Trust Price Performance

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 50 day moving average price of GBX 581.32 and a 200 day moving average price of GBX 576.98. The company has a market capitalization of £837.09 million, a P/E ratio of 771.22 and a beta of 0.95.

The Merchants Trust Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 10th will be paid a dividend of GBX 7.30 ($0.09) per share. This is an increase from The Merchants Trust’s previous dividend of $7.20. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, October 10th. The Merchants Trust’s payout ratio is currently 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.