Shares of The Merchants Trust Plc (LON:MRCH – Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 608.92 and traded as high as GBX 640. The Merchants Trust shares last traded at GBX 633, with a volume of 330,548 shares.
The Merchants Trust Stock Down 0.3%
The company has a market capitalization of £934.52 million, a P/E ratio of 5.78 and a beta of 0.69. The company’s 50-day simple moving average is GBX 608.92 and its 200 day simple moving average is GBX 608.12.
The Merchants Trust (LON:MRCH – Get Free Report) last posted its earnings results on Thursday, April 2nd. The investment trust reported GBX 30.58 EPS for the quarter. The company had revenue of GBX 5,024 million during the quarter. The Merchants Trust had a net margin of 93.22% and a return on equity of 17.67%.
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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