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

Shares of The Merchants Trust Plc (LON:MRCH) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 574.45 ($7.20) and traded as low as GBX 548.48 ($6.88). The Merchants Trust shares last traded at GBX 555 ($6.96), with a volume of 36,244 shares changing hands.

The Merchants Trust Stock 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 stock has a market cap of £823.73 million, a price-to-earnings ratio of 760.27 and a beta of 0.95. The stock’s 50 day moving average is GBX 561.87 and its two-hundred day moving average is GBX 574.45.

The Merchants Trust Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 10th were 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. The ex-dividend date was Thursday, October 10th. This represents a dividend yield of 1.25%. The Merchants Trust’s dividend payout ratio is 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.