The Mercantile Investment Trust (LON:MRC) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of The Mercantile Investment Trust plc (LON:MRC) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 242.37 ($3.25) and traded as high as GBX 252 ($3.38). The Mercantile Investment Trust shares last traded at GBX 251.79 ($3.38), with a volume of 1,958,410 shares trading hands.

The Mercantile Investment Trust Stock Down 0.2%

The firm has a market capitalization of £1.87 billion, a price-to-earnings ratio of 4.73 and a beta of 1.16. The company has a fifty day moving average price of GBX 242.37 and a two-hundred day moving average price of GBX 237.24.

The Mercantile Investment Trust (LON:MRC) last posted its quarterly earnings data on Tuesday, April 8th. The investment trust reported GBX 8.96 ($0.12) earnings per share for the quarter. The Mercantile Investment Trust had a return on equity of 20.56% and a net margin of 94.67%.

Insider Activity

In related news, insider Rachel Beagles purchased 1,016 shares of the business’s stock in a transaction dated Wednesday, June 4th. The stock was acquired at an average price of GBX 253 ($3.40) per share, for a total transaction of £2,570.48 ($3,450.77). Also, insider Damien Maltarp purchased 8,000 shares of the business’s stock in a transaction dated Thursday, April 10th. The shares were bought at an average price of GBX 213 ($2.86) per share, with a total value of £17,040 ($22,875.55). Corporate insiders own 1.68% 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.