Shares of The Merchants Trust Plc (LON:MRCH – Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 618.79 and traded as high as GBX 655. The Merchants Trust shares last traded at GBX 639, with a volume of 230,921 shares changing hands.
The Merchants Trust Stock Performance
The company has a market capitalization of £943.37 million, a P/E ratio of 5.83 and a beta of 1.11. The firm has a 50 day moving average price of GBX 618.79 and a two-hundred day moving average price of GBX 613.21.
The Merchants Trust (LON:MRCH – Get Free Report) last released its quarterly earnings data on Thursday, April 2nd. The investment trust reported GBX 30.58 earnings per share for the quarter. The Merchants Trust had a return on equity of 17.67% and a net margin of 93.22%.The company had revenue of GBX 5,024 million for the quarter.
Insider Buying and Selling
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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