The Merchants Trust (LON:MRCH) Posts Earnings Results

The Merchants Trust (LON:MRCH) released its earnings results on Thursday. The investment trust reported GBX 30.58 EPS for the quarter, Digital Look Earnings reports. The business had revenue of GBX 5,024 million during the quarter. The Merchants Trust had a net margin of 75.06% and a return on equity of 3.96%.

The Merchants Trust Stock Performance

Shares of LON MRCH traded down GBX 1.83 during trading on Thursday, hitting GBX 596.17. The company had a trading volume of 1,050,373 shares, compared to its average volume of 290,657. The Merchants Trust has a 52 week low of GBX 448 and a 52 week high of GBX 662. The business’s 50-day moving average is GBX 622.84 and its 200 day moving average is GBX 591.56. The company has a market cap of £880.14 million, a P/E ratio of 26.00 and a beta of 1.09.

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.