The Merchants Trust (LON:MRCH) Shares Pass Above 50 Day Moving Average – Here’s Why

The Merchants Trust Plc (LON:MRCHGet Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 608.32 and traded as high as GBX 654. The Merchants Trust shares last traded at GBX 651, with a volume of 381,051 shares changing hands.

The Merchants Trust Trading Up 0.5%

The business has a 50-day moving average of GBX 608.32 and a 200 day moving average of GBX 574.90. The firm has a market capitalization of £965.52 million, a P/E ratio of 28.52 and a beta of 0.95.

The Merchants Trust (LON:MRCHGet Free Report) last announced its quarterly earnings data on Wednesday, December 17th. The investment trust reported GBX 29.43 EPS for the quarter. The Merchants Trust had a return on equity of 13.03% and a net margin of 90.97%.

The Merchants Trust Company Profile

(Get Free Report)

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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