The Mercantile Investment Trust plc (LON:MRC – Get Free Report)’s share price crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 279.54 and traded as low as GBX 273.11. The Mercantile Investment Trust shares last traded at GBX 274.92, with a volume of 1,425,265 shares changing hands.
The Mercantile Investment Trust Stock Up 0.6%
The company’s 50 day moving average price is GBX 279.15 and its two-hundred day moving average price is GBX 270.59. The company has a quick ratio of 11.82, a current ratio of 6.39 and a debt-to-equity ratio of 16.68. The stock has a market cap of £1.73 billion, a P/E ratio of 9.56 and a beta of 1.49.
The Mercantile Investment Trust (LON:MRC – Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The investment trust reported GBX 5.09 earnings per share (EPS) for the quarter. The Mercantile Investment Trust had a return on equity of 10.56% and a net margin of 89.90%.
The Mercantile Investment Trust Company Profile
The Mercantile Investment Trust: The home of tomorrow’s UK market leaders
The Mercantile Investment Trust Approach
Expert market access
As one of the largest UK equity investment trusts and a history stretching back more than 140 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.
Why invest in The Mercantile Investment Trust
Thanks to its focus on quality stocks outside the FTSE 100, The Mercantile Investment Trust offers a cost-effective way to gain access to the companies that we believe have the greatest potential to become tomorrow’s UK market leaders.
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