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

Shares of The Merchants Trust Plc (LON:MRCH) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 577.74 ($7.52) and traded as low as GBX 560 ($7.29). The Merchants Trust shares last traded at GBX 564 ($7.34), with a volume of 170,682 shares.

The Merchants Trust Price Performance

The stock has a market capitalization of £832.64 million, a PE ratio of 768.49 and a beta of 0.95. The firm’s 50 day simple moving average is GBX 577.18 and its 200 day simple moving average is GBX 577.85. The company has a debt-to-equity ratio of 7.59, a current ratio of 0.55 and a quick ratio of 0.70.

The Merchants Trust Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 10th will be paid a GBX 7.30 ($0.10) dividend. This represents a dividend yield of 1.25%. This is an increase from The Merchants Trust’s previous dividend of $7.20. The ex-dividend date of this dividend is Thursday, October 10th. The Merchants Trust’s payout ratio is presently 3,972.60%.

About The Merchants Trust

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.