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

The Mercantile Investment Trust plc (LON:MRC) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 255.07 and traded as high as GBX 270.17. The Mercantile Investment Trust shares last traded at GBX 268.50, with a volume of 12,006,545 shares traded.

The Mercantile Investment Trust Stock Up 1.7%

The firm has a 50 day moving average price of GBX 255.07 and a 200 day moving average price of GBX 254.74. The stock has a market cap of £1.78 billion, a PE ratio of 81.12 and a beta of 1.53.

The Mercantile Investment Trust Company Profile

The Mercantile Investment Trust: The home of tomorrow’s UK market leaders

The Mercantile Investment Trust Approach

Expert market access

As one of the largest UK equity investment trusts and a history stretching back more than 140 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.

Why invest in The Mercantile Investment Trust

Thanks to its focus on quality stocks outside the FTSE 100, The Mercantile Investment Trust offers a cost-effective way to gain access to the companies that we believe have the greatest potential to become tomorrow’s UK market leaders.