The Merchants Trust (LON:MRCH) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

The Merchants Trust Plc (LON:MRCH) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 622.39 and traded as high as GBX 635. The Merchants Trust shares last traded at GBX 633, with a volume of 155,390 shares trading hands.

The Merchants Trust Price Performance

The firm has a market capitalization of £940.42 million, a P/E ratio of 5.81 and a beta of 1.11. The stock’s fifty day simple moving average is GBX 622.39 and its 200 day simple moving average is GBX 615.50.

The Merchants Trust (LON:MRCH) last released its quarterly earnings results on Thursday, April 2nd. The investment trust reported GBX 30.58 earnings per share for the quarter. The Merchants Trust had a net margin of 93.22% and a return on equity of 17.67%. The business had revenue of GBX 5,024 million for the quarter.

Insider Buying and Selling

In other news, insider Neil Galloway bought 3,500 shares of the stock in a transaction on Monday, June 8th. The stock was bought at an average cost of GBX 624 per share, for a total transaction of £21,840. 0.13% of the stock is owned by insiders.

About The Merchants Trust

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.