The Mercantile Investment Trust plc (LON:MRC – Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 261.45 and traded as high as GBX 270.50. The Mercantile Investment Trust shares last traded at GBX 269, with a volume of 1,737,285 shares changing hands.
The Mercantile Investment Trust Stock Up 1.9%
The stock has a 50-day moving average of GBX 261.45 and a 200 day moving average of GBX 258.69. The company has a market capitalization of £1.73 billion, a PE ratio of 9.27 and a beta of 1.54. The company has a quick ratio of 11.82, a current ratio of 6.39 and a debt-to-equity ratio of 16.68.
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 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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