Shares of The Merchants Trust Plc (LON:MRCH – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as GBX 599 and last traded at GBX 595, with a volume of 198839 shares traded. The stock had previously closed at GBX 587.35.
The Merchants Trust Stock Performance
The firm has a market capitalization of £882.85 million, a price-to-earnings ratio of 26.08 and a beta of 0.95. The company has a 50 day moving average price of GBX 569.51 and a two-hundred day moving average price of GBX 561.
The Merchants Trust (LON:MRCH – Get Free Report) last released its quarterly 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 net margin of 90.97% and a return on equity of 13.03%.
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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