The Mercantile Investment Trust (LON:MRC) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

The Mercantile Investment Trust plc (LON:MRC)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 241.17 ($3.07) and traded as low as GBX 233.37 ($2.97). The Mercantile Investment Trust shares last traded at GBX 234 ($2.97), with a volume of 1,626,343 shares trading hands.

The Mercantile Investment Trust Stock Performance

The company has a current ratio of 5.04, a quick ratio of 11.82 and a debt-to-equity ratio of 17.58. The stock has a market capitalization of £1.82 billion, a price-to-earnings ratio of 2,340.00 and a beta of 1.16. The firm’s fifty day moving average price is GBX 236.50 and its 200 day moving average price is GBX 241.08.

The Mercantile Investment Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, December 19th will be paid a dividend of GBX 1.50 ($0.02) per share. This represents a yield of 0.62%. The ex-dividend date is Thursday, December 19th. The Mercantile Investment Trust’s payout ratio is currently 8,000.00%.

The Mercantile Investment Trust Company Profile

The Mercantile Investment Trust plc is an open ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of the United Kingdoms. The fund spreads its investments across diversified sectors.