The Merchants Trust Plc (LON:MRCH - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 564.36 ($7.67) and traded as high as GBX 567 ($7.70). The Merchants Trust shares last traded at GBX 564 ($7.66), with a volume of 258,830 shares changing hands.
The Merchants Trust Trading Down 0.4%
The company's 50-day moving average price is GBX 564.36 and its two-hundred day moving average price is GBX 544.47. The company has a market cap of £835.90 million, a P/E ratio of 7.68 and a beta of 0.95.
The Merchants Trust (LON:MRCH - Get Free Report) last announced its earnings results on Wednesday, April 9th. The investment trust reported GBX 29.43 ($0.40) EPS for the quarter. The Merchants Trust had a net margin of 90.97% and a return on equity of 13.03%.
Insider Activity
In related news, insider Neil Galloway purchased 8,000 shares of The Merchants Trust stock in a transaction dated Wednesday, July 9th. The stock was acquired at an average cost of GBX 568 ($7.72) per share, with a total value of £45,440 ($61,730.74). 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.
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