The Merchants Trust Plc (LON:MRCH – Get Free Report)’s share price passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 671.56 and traded as low as GBX 653. The Merchants Trust shares last traded at GBX 657, with a volume of 209,447 shares changing hands.
The Merchants Trust Stock Down 0.5%
The stock has a market cap of £964.75 million, a price-to-earnings ratio of 4.76 and a beta of 1.10. The business has a 50-day moving average of GBX 671.50 and a 200-day moving average of GBX 640.45.
The Merchants Trust (LON:MRCH – Get Free Report) last issued its earnings results on Friday, September 18th. The investment trust reported GBX 18.03 earnings per share for the quarter. The Merchants Trust had a return on equity of 20.49% and a net margin of 134.08%.
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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