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.
Recommended Stories
Before you consider The Merchants Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Merchants Trust wasn't on the list.
While The Merchants Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.