The Merchants Trust (LON:MRCH) Releases Quarterly Earnings Results

The Merchants Trust (LON:MRCH) issued its earnings results on Friday. The investment trust reported GBX 18.03 EPS for the quarter, Digital Look Earnings reports. The Merchants Trust had a return on equity of 17.67% and a net margin of 93.22%.

The Merchants Trust Trading Down 1.2%

LON MRCH traded down GBX 8 on Friday, hitting GBX 664. The company’s stock had a trading volume of 309,016 shares, compared to its average volume of 251,569. The Merchants Trust has a 52-week low of GBX 536 and a 52-week high of GBX 691. The firm has a market cap of £980.28 million, a P/E ratio of 6.06 and a beta of 1.10. The company’s 50-day simple moving average is GBX 668.38 and its 200 day simple moving average is GBX 635.84.

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.