The Merchants Trust (LON:MRCH) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

The Merchants Trust Plc (LON:MRCH) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 622.39 and traded as high as GBX 635. The Merchants Trust shares last traded at GBX 633, with a volume of 155,390 shares.

The Merchants Trust Stock Up 0.6%

The firm has a market cap of £940.42 million, a PE ratio of 5.81 and a beta of 1.11. The stock has a 50 day moving average price of GBX 622.39 and a two-hundred day moving average price of GBX 615.50.

The Merchants Trust (LON:MRCH) last announced its quarterly earnings data on Thursday, April 2nd. The investment trust reported GBX 30.58 EPS for the quarter. The firm had revenue of GBX 5,024 million during the quarter. The Merchants Trust had a net margin of 93.22% and a return on equity of 17.67%.

Insiders Place Their Bets

In other news, insider Neil Galloway purchased 3,500 shares of the company’s stock in a transaction on Monday, June 8th. The shares were acquired at an average price of GBX 624 per share, for a total transaction of £21,840. Insiders own 0.13% of the company’s stock.

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.