The Mercantile Investment Trust plc (LON:MRC - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 237.41 ($3.22) and traded as high as GBX 255 ($3.46). The Mercantile Investment Trust shares last traded at GBX 253.50 ($3.44), with a volume of 575,027 shares trading hands.
The Mercantile Investment Trust Stock Up 0.8%
The business's 50 day simple moving average is GBX 237.41 and its two-hundred day simple moving average is GBX 236.54. The stock has a market cap of £1.90 billion, a P/E ratio of 4.80 and a beta of 1.16.
The Mercantile Investment Trust (LON:MRC - Get Free Report) last released 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 Buying and Selling at The Mercantile Investment Trust
In other The Mercantile Investment Trust news, insider Damien Maltarp acquired 8,000 shares of The Mercantile Investment Trust stock in a transaction that occurred on Thursday, April 10th. The shares were bought at an average price of GBX 213 ($2.89) per share, with a total value of £17,040 ($23,092.56). Also, insider Rachel Beagles acquired 1,016 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was bought at an average price of GBX 253 ($3.43) per share, with a total value of £2,570.48 ($3,483.51). Corporate 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
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
