M&G Recovery & Value Trust (LON:MRV) Posts Quarterly Earnings Results

M&G Recovery & Value Trust (LON:MRV) announced its quarterly earnings results on Wednesday. The company reported GBX (0.36) earnings per share (EPS) for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 165 million during the quarter.

M&G Recovery & Value Trust Price Performance

LON MRV traded down GBX 0.50 on Wednesday, hitting GBX 53.50. The company had a trading volume of 7,363 shares, compared to its average volume of 31,246. The company’s fifty day moving average price is GBX 52.95 and its 200-day moving average price is GBX 56. M&G Recovery & Value Trust has a 12-month low of GBX 50 and a 12-month high of GBX 65.50. The company has a market capitalization of £75.08 million and a PE ratio of -12.27.

M&G Recovery & Value Trust plc is a closed-end investment company listed on the London Stock Exchange. Domiciled in Guernsey and managed by M&G Investment Management, the trust seeks to deliver long-term total returns by investing in undervalued companies that exhibit potential for operational or financial recovery. Its shares trade under the ticker MRV.

The trust’s core strategy centers on a concentrated portfolio of primarily mid- and large-capitalization equities, supplemented on occasion by debt instruments, across developed markets.