The Merchants Trust Plc (LON:MRCH – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 603.71 and traded as low as GBX 601. The Merchants Trust shares last traded at GBX 606, with a volume of 298,696 shares changing hands.
The Merchants Trust Stock Performance
The stock has a market capitalization of £896.06 million, a price-to-earnings ratio of 5.54 and a beta of 0.69. The business has a 50-day moving average of GBX 604.94 and a 200-day moving average of GBX 604.06.
The Merchants Trust (LON:MRCH – Get Free Report) last announced its earnings results on Thursday, April 2nd. The investment trust reported GBX 30.58 earnings per share (EPS) for the quarter. The firm had revenue of GBX 5,024 million during the quarter. The Merchants Trust had a return on equity of 17.67% and a net margin of 93.22%.
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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