M&G Recovery & Value Trust (LON:MRV) Releases Quarterly Earnings Results

M&G Recovery & Value Trust (LON:MRV) posted its quarterly earnings data on Wednesday. The company reported GBX (0.36) earnings per share for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 165 million for the quarter.

M&G Recovery & Value Trust Price Performance

MRV stock traded down GBX 0.50 on Wednesday, hitting GBX 53.50. 7,363 shares of the company were exchanged, compared to its average volume of 31,246. M&G Recovery & Value Trust has a twelve month low of GBX 50 and a twelve month high of GBX 65.50. The business’s fifty day moving average is GBX 52.95 and its two-hundred day moving average is GBX 56. The stock has a market capitalization of £75.08 million and a price-to-earnings ratio of -12.27.

M&G Recovery & Value Trust plc is a closed-end investment company listed on the London Stock Exchange. Domiciled in Guernsey and managed by M&G Investment Management, the trust seeks to deliver long-term total returns by investing in undervalued companies that exhibit potential for operational or financial recovery. Its shares trade under the ticker MRV.

The trust’s core strategy centers on a concentrated portfolio of primarily mid- and large-capitalization equities, supplemented on occasion by debt instruments, across developed markets.