The Mercantile Investment Trust (LON:MRC) Reaches New 1-Year High – Here’s What Happened

The Mercantile Investment Trust plc (LON:MRCGet Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 269.50 and last traded at GBX 269, with a volume of 1050176 shares traded. The stock had previously closed at GBX 267.50.

The Mercantile Investment Trust Price Performance

The company has a market capitalization of £1.85 billion, a P/E ratio of 81.37 and a beta of 1.16. The stock’s fifty day simple moving average is GBX 257.76 and its 200-day simple moving average is GBX 252.63.

Insider Activity at The Mercantile Investment Trust

In other The Mercantile Investment Trust news, insider Graham Kitchen bought 10,000 shares of the stock in a transaction on Monday, December 15th. The shares were purchased at an average price of GBX 253 per share, with a total value of £25,300. Also, insider Rachel Beagles purchased 10,771 shares of the company’s stock in a transaction on Monday, November 10th. The stock was acquired at an average cost of GBX 247 per share, for a total transaction of £26,604.37. In the last 90 days, insiders have purchased 50,771 shares of company stock valued at $12,600,437. 0.11% of the stock is owned by corporate insiders.

About The Mercantile Investment Trust

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The Mercantile Investment Trust Approach

Expert market access

As one of the largest UK equity investment trusts and a history stretching back more than 130 years, The Mercantile Investment Trust enjoys a long and successful track record championing quality UK medium-sized and smaller companies.
Rigorous research

In a segment of the stock market that demands first-hand scrutiny, our disciplined research-based investment approach really sets us apart, providing exceptional access to a diversified portfolio of quality stocks with attractive long-term growth potential.
Focused on dividends

Our focus on quality companies with strong cash flows also helps to generate an attractive income for shareholders, with the opportunity to target annual dividend growth ahead of the rate of inflation.

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