The Merchants Trust (LON:MRCH) Announces Earnings Results

The Merchants Trust (LON:MRCH) issued its quarterly earnings results on Friday. The investment trust reported GBX 18.03 EPS for the quarter, Digital Look Earnings reports. The Merchants Trust had a net margin of 93.22% and a return on equity of 17.67%.

The Merchants Trust Stock Down 1.0%

Shares of LON MRCH traded down GBX 7 during trading on Friday, hitting GBX 665. 648,459 shares of the company traded hands, compared to its average volume of 253,455. The firm has a market capitalization of £981.76 million, a P/E ratio of 6.07 and a beta of 1.10. The company has a 50-day moving average price of GBX 668.38 and a 200-day moving average price of GBX 635.84. The Merchants Trust has a 1 year low of GBX 536 and a 1 year high of GBX 691.

The Merchants Trust Company Profile

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.