The Mercantile Investment Trust (LON:MRC) Share Price Passes Below 50-Day Moving Average - What's Next?

Key Points

• The Mercantile Investment Trust's share price has fallen below its 50-day moving average of GBX 249.37, trading at GBX 246 ($3.30) recently.
• The trust has a market capitalization of £1.74 billion and a PE ratio of 785.94, indicating a high valuation level.
• As one of the largest UK equity investment trusts, it has a long-standing history of focused investments in medium-sized and smaller UK companies.

The Mercantile Investment Trust plc (LON:MRC - ) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 249.37 ($3.35) and traded as low as GBX 244.40 ($3.28). The Mercantile Investment Trust shares last traded at GBX 246 ($3.30), with a volume of 1,562,329 shares.

The Mercantile Investment Trust Price Performance

The firm has a market capitalization of £1.74 billion, a PE ratio of 785.94 and a beta of 1.16. The company's fifty day simple moving average is GBX 249.37 and its 200-day simple moving average is GBX 246.11.

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 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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