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

The Merchants Trust (LON:MRCH) posted 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 net margin of 93.22% and a return on equity of 17.67%.

The Merchants Trust Price Performance

Shares of MRCH stock traded down GBX 8 during trading on Friday, reaching GBX 664. The company had a trading volume of 309,016 shares, compared to its average volume of 251,569. The firm’s 50 day simple moving average is GBX 668.38 and its two-hundred day simple moving average is GBX 635.84. The Merchants Trust has a one year low of GBX 536 and a one year high of GBX 691. The company has a market capitalization of £980.28 million, a PE ratio of 6.06 and a beta of 1.10.

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.