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The Merchants Trust (LON:MRCH) Shares Cross Below Two Hundred Day Moving Average - What's Next?

The Merchants Trust logo with Financial Services background

Key Points

  • The Merchants Trust's shares have fallen below their 200-day moving average, trading at GBX 543 ($7.32) against a 200-day average of GBX 547.11 ($7.37).
  • Insider Neil Galloway purchased 8,000 shares at an average cost of GBX 568 per share, totaling £45,440.
  • The Merchants Trust is managed by Simon Gergel at Allianz Global Investors and has a strong dividend history, with payouts growing for 38 consecutive years.
  • Five stocks to consider instead of The Merchants Trust.

The Merchants Trust Plc (LON:MRCH - Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 547.11 ($7.39) and traded as low as GBX 537.05 ($7.26). The Merchants Trust shares last traded at GBX 543 ($7.34), with a volume of 472,243 shares traded.

The Merchants Trust Trading Up 0.6%

The stock has a 50-day simple moving average of GBX 550.50 and a 200 day simple moving average of GBX 547.54. The company has a market cap of £809.29 million, a price-to-earnings ratio of 775.94 and a beta of 0.95.

Insider Activity

In other news, insider Neil Galloway bought 8,000 shares of the stock in a transaction dated Wednesday, July 9th. The shares were acquired at an average cost of GBX 568 per share, with a total value of £45,440. 0.13% of the stock is currently owned by insiders.

About The Merchants Trust

(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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