The Mercantile Investment Trust (LON:MRC) Shares Pass Below Fifty Day Moving Average - Should You Sell?

Key Points

• The Mercantile Investment Trust's stock price recently fell below its 50-day moving average of GBX 249.76, hitting a low of GBX 248.99 during trading.
• The stock currently holds a market capitalization of £1.77 billion and a staggering price-to-earnings ratio of 797.54.
• This investment trust has over 130 years of history, focusing on quality UK medium-sized and smaller companies.

The Mercantile Investment Trust plc (LON:MRC - )'s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 249.76 ($3.32) and traded as low as GBX 248.99 ($3.31). The Mercantile Investment Trust shares last traded at GBX 251 ($3.34), with a volume of 1,546,828 shares.

The Mercantile Investment Trust Stock Performance

The stock has a fifty day simple moving average of GBX 249.76 and a two-hundred day simple moving average of GBX 245.32. The stock has a market cap of £1.77 billion, a price-to-earnings ratio of 797.54 and a beta of 1.16.

About The Mercantile Investment Trust

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.