The Mercantile Investment Trust plc (LON:MRC - Get Free Report)'s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 252.22 ($3.35) and traded as high as GBX 253 ($3.36). The Mercantile Investment Trust shares last traded at GBX 250.50 ($3.33), with a volume of 1,526,124 shares trading hands.
The Mercantile Investment Trust Stock Up 0.2%
The company has a market cap of £1.88 billion, a PE ratio of 4.77 and a beta of 1.16. The stock's 50 day moving average is GBX 252.40 and its 200-day moving average is GBX 241.49.
Insider Transactions at The Mercantile Investment Trust
In other The Mercantile Investment Trust news, insider Rachel Beagles purchased 1,016 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average price of GBX 253 ($3.36) per share, with a total value of £2,570.48 ($3,413.20). 1.68% of the stock is currently owned by insiders.
About The Mercantile Investment Trust
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The Mercantile Investment Trust Approach
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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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