The Merchants Trust (LON:MRCH) Reaches New 1-Year High – Here’s What Happened

Shares of The Merchants Trust Plc (LON:MRCHGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 601 and last traded at GBX 598, with a volume of 113714 shares traded. The stock had previously closed at GBX 593.

The Merchants Trust Stock Performance

The firm has a market capitalization of £883.22 million, a P/E ratio of 26.09 and a beta of 0.95. The firm’s 50-day moving average is GBX 576.94 and its 200 day moving average is GBX 562.32.

The Merchants Trust (LON:MRCHGet Free Report) last released its earnings results on Wednesday, December 17th. The investment trust reported GBX 29.43 earnings per share (EPS) for the quarter. The Merchants Trust had a return on equity of 13.03% and a net margin of 90.97%.

The Merchants Trust Company Profile

(Get Free Report)

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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