Shares of The Mercantile Investment Trust plc (LON:MRC – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as GBX 272.50 and last traded at GBX 272.09, with a volume of 321522 shares changing hands. The stock had previously closed at GBX 270.50.
The Mercantile Investment Trust Stock Performance
The firm has a 50-day moving average of GBX 255.41 and a two-hundred day moving average of GBX 256.81. The company has a quick ratio of 11.82, a current ratio of 6.39 and a debt-to-equity ratio of 16.68. The company has a market capitalization of £1.77 billion, a PE ratio of 9.37 and a beta of 1.54.
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 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.
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