The Merchants Trust (LON:MRCH) Sets New 1-Year High – Here’s What Happened

The Merchants Trust Plc (LON:MRCH) hit a new 52-week high on Wednesday . The stock traded as high as GBX 657 and last traded at GBX 655.49, with a volume of 33095 shares traded. The stock had previously closed at GBX 652.

The Merchants Trust Stock Up 0.6%

The stock has a market capitalization of £968.43 million, a price-to-earnings ratio of 28.61 and a beta of 0.95. The stock has a fifty day moving average of GBX 613.50 and a 200-day moving average of GBX 577.80.

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

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.