Shares of The Mercantile Investment Trust plc (LON:MRC - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 242.37 ($3.25) and traded as high as GBX 252 ($3.38). The Mercantile Investment Trust shares last traded at GBX 251.79 ($3.38), with a volume of 1,958,410 shares changing hands.
The Mercantile Investment Trust Stock Performance
The company has a market cap of £1.87 billion, a PE ratio of 4.74 and a beta of 1.16. The business's 50-day moving average is GBX 242.37 and its 200 day moving average is GBX 237.24.
The Mercantile Investment Trust (LON:MRC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The investment trust reported GBX 8.96 ($0.12) earnings per share (EPS) 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
In other The Mercantile Investment Trust news, insider Damien Maltarp purchased 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 ($2.86) per share, for a total transaction of £17,040 ($22,875.55). Also, insider Rachel Beagles purchased 1,016 shares of the stock in a transaction on Wednesday, June 4th. The shares were acquired at an average cost of GBX 253 ($3.40) per share, with a total value of £2,570.48 ($3,450.77). 1.68% of the stock is owned by corporate insiders.
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.
Featured Stories
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
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
