The Merchants Trust (LON:MRCH) Posts 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%

The Merchants Trust stock traded down GBX 8 during mid-day trading on Friday, hitting GBX 664. The company had a trading volume of 309,016 shares, compared to its average volume of 251,569. The stock’s 50 day moving average price is GBX 668.86 and its two-hundred day moving average price is GBX 636.03. The Merchants Trust has a 12 month low of GBX 536 and a 12 month 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.

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.