The Mercantile Investment Trust (LON:MRC) Shares Cross Above Fifty Day Moving Average – Here’s Why

Shares of The Mercantile Investment Trust plc (LON:MRC) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 261.83 and traded as high as GBX 270. The Mercantile Investment Trust shares last traded at GBX 267.01, with a volume of 2,134,143 shares trading hands.

The Mercantile Investment Trust Stock Up 0.7%

The stock has a fifty day moving average price of GBX 261.83 and a two-hundred day moving average price of GBX 253.84. The company has a market capitalization of £1.84 billion, a price-to-earnings ratio of 81.57 and a beta of 1.16.

Insiders Place Their Bets

In other news, insider Graham Kitchen bought 10,000 shares of The Mercantile Investment Trust stock in a transaction on Monday, December 15th. The shares were bought at an average cost of GBX 253 per share, for a total transaction of £25,300. Insiders own 0.13% of the company’s stock.

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.
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.