Shares of The Mercantile Investment Trust plc (LON:MRC - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 242.37 ($3.26) and traded as high as GBX 252 ($3.39). The Mercantile Investment Trust shares last traded at GBX 251.79 ($3.39), with a volume of 1,958,410 shares traded.
The Mercantile Investment Trust Price Performance
The business's 50 day moving average is GBX 244.81 and its 200 day moving average is GBX 237.49. The stock has a market cap of £1.86 billion, a price-to-earnings ratio of 4.71 and a beta of 1.16.
The Mercantile Investment Trust (LON:MRC - Get Free Report) last released 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 Activity at The Mercantile Investment Trust
In other news, insider Damien Maltarp acquired 8,000 shares of the firm's stock in a transaction dated Thursday, April 10th. The stock was acquired at an average cost of GBX 213 ($2.86) per share, with a total value of £17,040 ($22,915.55). Also, insider Rachel Beagles purchased 1,016 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average price of GBX 253 ($3.40) per share, with a total value of £2,570.48 ($3,456.80). Insiders own 1.68% of the company's stock.
The Mercantile Investment Trust Company Profile
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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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