The Merchants Trust (LON:MRCH) Announces Earnings Results

The Merchants Trust (LON:MRCH) issued its quarterly earnings results on Friday. The investment trust reported GBX 18.03 earnings per share (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 Stock Down 1.2%

MRCH stock traded down GBX 8 during midday trading 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 capitalization of £980.28 million, a P/E ratio of 6.06 and a beta of 1.10. The firm has a 50-day simple moving average of GBX 668.38 and a 200-day simple moving average of GBX 635.84.

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.