The Merchants Trust (LON:MRCH) Stock Price Passes Above 50 Day Moving Average – What’s Next?

The Merchants Trust Plc (LON:MRCHGet Free Report) shares crossed 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.

The Merchants Trust Trading Up 0.5%

The firm has a market cap of £965.52 million, a price-to-earnings ratio of 28.52 and a beta of 0.95. The business’s 50-day simple moving average is GBX 608.32 and its two-hundred day simple moving average is GBX 574.90.

The Merchants Trust (LON:MRCHGet Free Report) last issued its quarterly earnings results on Wednesday, December 17th. The investment trust reported GBX 29.43 earnings per share (EPS) 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

(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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