The Mercantile Investment Trust (LON:MRC) Share Price Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• The Mercantile Investment Trust's stock price has recently crossed above its fifty-day moving average of GBX 252.67 ($3.42), indicating a potential upward trend.
• Insider Rachel Beagles purchased 1,016 shares at an average price of GBX 253 ($3.43), reflecting confidence from corporate insiders, who own 1.68% of the company's stock.
• The trust has a market cap of £1.87 billion and a relatively low price-to-earnings ratio of 4.75, suggesting that the shares may be undervalued.

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 252.67 ($3.40) and traded as high as GBX 253.50 ($3.41). The Mercantile Investment Trust shares last traded at GBX 252.56 ($3.40), with a volume of 1,257,247 shares traded.

The Mercantile Investment Trust Price Performance

The firm has a market cap of £1.85 billion, a P/E ratio of 4.68 and a beta of 1.16. The company has a fifty day moving average of GBX 252.47 and a 200-day moving average of GBX 242.72.

Insider Transactions at The Mercantile Investment Trust

In other The Mercantile Investment Trust news, insider Rachel Beagles acquired 1,016 shares of The Mercantile Investment Trust stock in a transaction on Wednesday, June 4th. The stock was purchased at an average price of GBX 253 per share, for a total transaction of £2,570.48. 1.68% of the stock is owned by company insiders.

The Mercantile Investment Trust Company Profile

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.