The Merchants Trust Plc (LON:MRCH – Get Free Report)’s share price crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 670.33 and traded as high as GBX 672. The Merchants Trust shares last traded at GBX 665, with a volume of 136,302 shares.
The Merchants Trust Stock Performance
The company has a market cap of £994.13 million, a price-to-earnings ratio of 4.90 and a beta of 1.10. The firm has a fifty day moving average price of GBX 670.10 and a 200 day moving average price of GBX 644.37.
The Merchants Trust (LON:MRCH – Get Free Report) last released its earnings results on Friday, September 18th. The investment trust reported GBX 18.03 earnings per share for the quarter. The Merchants Trust had a net margin of 134.08% and a return on equity of 20.49%.
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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