The Merchants Trust Plc (LON:MRCH – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 603.71 and traded as low as GBX 601. The Merchants Trust shares last traded at GBX 606, with a volume of 298,696 shares.
The Merchants Trust Stock Up 1.0%
The firm has a 50 day moving average of GBX 605.34 and a 200 day moving average of GBX 603.71. The firm has a market cap of £903.51 million, a price-to-earnings ratio of 5.58 and a beta of 0.69.
The Merchants Trust (LON:MRCH – Get Free Report) last released its earnings results on Thursday, April 2nd. The investment trust reported GBX 30.58 EPS for the quarter. The Merchants Trust had a return on equity of 17.67% and a net margin of 93.22%.The business had revenue of GBX 5,024 million during the quarter.
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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