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The Merchants Trust (LON:MRCH) Stock Passes Above 50 Day Moving Average - What's Next?

The Merchants Trust logo with Financial Services background

The Merchants Trust Plc (LON:MRCH - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 564.36 ($7.61) and traded as high as GBX 567 ($7.65). The Merchants Trust shares last traded at GBX 564 ($7.61), with a volume of 258,830 shares changing hands.

The Merchants Trust Price Performance

The firm has a market capitalization of £832.89 million, a price-to-earnings ratio of 7.65 and a beta of 0.95. The stock has a fifty day moving average of GBX 564.54 and a two-hundred day moving average of GBX 544.50.

The Merchants Trust (LON:MRCH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The investment trust reported GBX 29.43 ($0.40) earnings per share for the quarter. The Merchants Trust had a return on equity of 13.03% and a net margin of 90.97%.

Insider Activity

In related news, insider Neil Galloway acquired 8,000 shares of the business's stock in a transaction dated Wednesday, July 9th. The shares were bought at an average price of GBX 568 ($7.66) per share, with a total value of £45,440 ($61,297.72). 6.35% of the stock is owned by company insiders.

About The Merchants Trust

(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.

Further Reading

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