The Mercantile Investment Trust plc (LON:MRC - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 251.39 ($3.38) and traded as low as GBX 249 ($3.34). The Mercantile Investment Trust shares last traded at GBX 250 ($3.36), with a volume of 1,469,524 shares traded.
The Mercantile Investment Trust Price Performance
The firm has a 50-day moving average of GBX 251.56 and a 200 day moving average of GBX 239.27. The stock has a market capitalization of £1.86 billion, a price-to-earnings ratio of 4.71 and a beta of 1.16.
Insider Buying and Selling
In other The Mercantile Investment Trust news, insider Rachel Beagles purchased 1,016 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were bought at an average price of GBX 253 ($3.40) per share, for a total transaction of £2,570.48 ($3,451.24). 1.68% of the stock is currently owned by company insiders.
About The Mercantile Investment Trust
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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.
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