The Mercantile Investment Trust plc (LON:MRC - Get Free Report)'s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 228.81 ($3.05) and traded as high as GBX 233.56 ($3.11). The Mercantile Investment Trust shares last traded at GBX 233.50 ($3.11), with a volume of 1,136,141 shares traded.
The Mercantile Investment Trust Price Performance
The business's fifty day moving average price is GBX 228.32 and its 200-day moving average price is GBX 233.74. The stock has a market capitalization of £1.77 billion, a price-to-earnings ratio of 4.48 and a beta of 1.16.
The Mercantile Investment Trust (LON:MRC - Get Free Report) last announced its earnings results 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 net margin of 94.67% and a return on equity of 20.56%.
Insider Activity
In other The Mercantile Investment Trust news, insider Damien Maltarp bought 8,000 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were acquired at an average price of GBX 213 ($2.84) per share, with a total value of £17,040 ($22,704.86). Insiders own 1.68% of the company's stock.
The Mercantile Investment Trust Company Profile
(
Get Free Report)
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.
See Also
Before you consider The Mercantile Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Mercantile Investment Trust wasn't on the list.
While The Mercantile Investment Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
