The Mercantile Investment Trust (LON:MRC) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

The Mercantile Investment Trust plc (LON:MRC) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 234.15 ($2.88) and traded as high as GBX 236.50 ($2.91). The Mercantile Investment Trust shares last traded at GBX 234.56 ($2.89), with a volume of 1,453,122 shares traded.

The Mercantile Investment Trust Price Performance

The firm has a market cap of £1.84 billion, a PE ratio of 2,379.07 and a beta of 1.16. The stock has a 50 day simple moving average of GBX 234.17 and a two-hundred day simple moving average of GBX 240.38. The company has a debt-to-equity ratio of 17.58, a quick ratio of 11.82 and a current ratio of 5.04.

The Mercantile Investment Trust Dividend Announcement

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

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.