The Merchants Trust (LON:MRCH) Issues Earnings Results

The Merchants Trust (LON:MRCH) issued its quarterly earnings data 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 return on equity of 17.67% and a net margin of 93.22%.

The Merchants Trust Stock Performance

LON MRCH opened at GBX 664 on Friday. The business’s 50 day moving average price is GBX 668.86 and its 200-day moving average price is GBX 636.03. The Merchants Trust has a fifty-two week low of GBX 536 and a fifty-two week high of GBX 691. The company has a market cap of £980.28 million, a P/E 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.