The Merchants Trust Plc (LON:MRCH – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 690 and last traded at GBX 689, with a volume of 51511 shares. The stock had previously closed at GBX 684.
The Merchants Trust Trading Down 0.1%
The business has a 50-day moving average price of GBX 658.48 and a 200 day moving average price of GBX 633.53. The stock has a market capitalization of £1.01 billion, a P/E ratio of 6.27 and a beta of 1.11.
Insider Transactions at The Merchants Trust
In other The Merchants Trust news, insider Neil Galloway purchased 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average price of GBX 624 per share, with a total value of £21,840. 0.13% of the stock is currently owned by insiders.
About The Merchants Trust
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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