The Mercantile Investment Trust (LON:MRC) Stock Crosses Below Fifty Day Moving Average - Here's Why

Key Points

• The Mercantile Investment Trust's shares dipped below their fifty day moving average on Monday, trading at GBX 248.50 ($3.34) compared to the average of GBX 252.45 ($3.40).
• The stock has a current market capitalization of £1.85 billion and has experienced a decrease of 1.2% during trading.
• Insider Rachel Beagles purchased 1,016 shares at an average price of GBX 253, indicating confidence from company insiders as they own 1.68% of the firm's stock.

The Mercantile Investment Trust plc (LON:MRC - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 252.45 ($3.41) and traded as low as GBX 248.50 ($3.36). The Mercantile Investment Trust shares last traded at GBX 252.52 ($3.41), with a volume of 2,575,835 shares.

The Mercantile Investment Trust Price Performance

The stock has a market capitalization of £1.84 billion, a price-to-earnings ratio of 4.66 and a beta of 1.16. The stock has a 50 day moving average price of GBX 252.37 and a 200-day moving average price of GBX 243.03.

Insider Buying and Selling

In related news, insider Rachel Beagles bought 1,016 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was bought at an average cost of GBX 253 per share, for a total transaction of £2,570.48. Insiders own 1.68% of the company's stock.

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.