The Merchants Trust (LON:MRCH) Sets New 12-Month High – Time to Buy?

The Merchants Trust Plc (LON:MRCHGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 657 and last traded at GBX 655.49, with a volume of 33095 shares traded. The stock had previously closed at GBX 652.

The Merchants Trust Stock Up 0.2%

The firm’s 50-day moving average is GBX 617.92 and its 200-day moving average is GBX 579.58. The company has a market cap of £962.57 million, a PE ratio of 28.43 and a beta of 0.95.

The Merchants Trust (LON:MRCHGet Free Report) last issued its quarterly earnings data on Wednesday, December 17th. The investment trust reported GBX 29.43 EPS for the quarter. The Merchants Trust had a net margin of 90.97% and a return on equity of 13.03%.

The Merchants Trust Company Profile

(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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