The Merchants Trust Plc (LON:MRCH – Get Free Report) insider Bill Maldonado acquired 2,961 shares of the business’s stock in a transaction on Tuesday, November 3rd. The shares were bought at an average cost of GBX 674 per share, with a total value of £19,957.14.
The Merchants Trust Stock Performance
Shares of LON MRCH traded up GBX 11 during trading on Wednesday, reaching GBX 684. The company had a trading volume of 298,347 shares, compared to its average volume of 239,111. The Merchants Trust Plc has a 52 week low of GBX 555 and a 52 week high of GBX 691. The business’s 50 day moving average price is GBX 668.38 and its 200-day moving average price is GBX 641.17. The stock has a market cap of £1.00 billion, a PE ratio of 4.95 and a beta of 1.10.
The Merchants Trust (LON:MRCH – Get Free Report) last released its quarterly earnings results on Friday, September 18th. The investment trust reported GBX 18.03 EPS for the quarter. The Merchants Trust had a net margin of 134.08% and a return on equity of 20.49%.
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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