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

The Mercantile Investment Trust plc (LON:MRC)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 253.62 and traded as high as GBX 264. The Mercantile Investment Trust shares last traded at GBX 261.49, with a volume of 1,577,010 shares trading hands.

The Mercantile Investment Trust Trading Up 0.0%

The firm has a market cap of £1.81 billion, a P/E ratio of 79.61 and a beta of 1.16. The stock has a 50 day simple moving average of GBX 253.62 and a 200-day simple moving average of GBX 251.61.

The Mercantile Investment Trust (LON:MRC) last posted its earnings results on Monday, October 20th. The investment trust reported GBX 5.66 EPS for the quarter. The Mercantile Investment Trust had a return on equity of 20.56% and a net margin of 94.67%.

Insider Buying and Selling at The Mercantile Investment Trust

In other The Mercantile Investment Trust news, insider Rachel Beagles acquired 30,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was acquired at an average cost of GBX 247 per share, with a total value of £74,100. Also, insider Graham Kitchen bought 10,000 shares of The Mercantile Investment Trust stock in a transaction dated Monday, December 15th. The stock was acquired at an average price of GBX 253 per share, for a total transaction of £25,300. Insiders have acquired 50,771 shares of company stock valued at $12,600,437 in the last quarter. 0.11% of the stock is owned by company insiders.

About The Mercantile Investment Trust

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.