The Mercantile Investment Trust (LON:MRC) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

The Mercantile Investment Trust plc (LON:MRC) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 236.50 ($2.99) and traded as high as GBX 243 ($3.07). The Mercantile Investment Trust shares last traded at GBX 240 ($3.03), with a volume of 1,633,828 shares changing hands.

The Mercantile Investment Trust Trading Down 0.4 %

The company has a market capitalization of £1.78 billion, a price-to-earnings ratio of 4.51 and a beta of 1.16. The firm’s 50 day simple moving average is GBX 236.50 and its 200-day simple moving average is GBX 239.25.

The Mercantile Investment Trust Announces Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, December 19th were given a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a dividend yield of 0.62%. The Mercantile Investment Trust’s payout ratio is currently 15.04%.

The Mercantile Investment Trust Company Profile

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.