The Merchants Trust Plc (LON:MRCH – Get Free Report)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 550.49 ($7.35) and traded as high as GBX 560 ($7.48). The Merchants Trust shares last traded at GBX 557 ($7.44), with a volume of 205,573 shares.
The Merchants Trust Trading Up 0.6%
The firm’s 50 day simple moving average is GBX 550.49 and its two-hundred day simple moving average is GBX 551.25. The firm has a market cap of £831.78 million, a price-to-earnings ratio of 24.44 and a beta of 0.95.
The Merchants Trust (LON:MRCH – Get Free Report) last issued its quarterly earnings data on Monday, September 29th. The investment trust reported GBX 17.70 earnings per share 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
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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