The Merchants Trust Plc (LON:MRCH – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 611 and last traded at GBX 608, with a volume of 8745 shares changing hands. The stock had previously closed at GBX 603.
The Merchants Trust Price Performance
The stock has a 50 day simple moving average of GBX 583.04 and a 200 day simple moving average of GBX 564.72. The company has a market cap of £897.61 million, a price-to-earnings ratio of 26.52 and a beta of 0.95.
The Merchants Trust (LON:MRCH – Get Free Report) last announced its earnings results on Wednesday, December 17th. The investment trust reported GBX 29.43 earnings per share for the quarter. The Merchants Trust had a net margin of 90.97% and a return on equity of 13.03%.
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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