The Merchants Trust Plc (LON:MRCH – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 619 and last traded at GBX 617, with a volume of 28768 shares changing hands. The stock had previously closed at GBX 611.
The Merchants Trust Price Performance
The stock has a market capitalization of £907.94 million, a price-to-earnings ratio of 26.82 and a beta of 0.95. The firm has a 50-day moving average of GBX 589.72 and a 200 day moving average of GBX 567.15.
The Merchants Trust (LON:MRCH – Get Free Report) last released its quarterly earnings data on Wednesday, December 17th. The investment trust reported GBX 29.43 EPS for the quarter. The Merchants Trust had a return on equity of 13.03% and a net margin of 90.97%.
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.
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