The Mercantile Investment Trust plc (LON:MRC - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 234.72 ($3.16) and traded as high as GBX 253 ($3.41). The Mercantile Investment Trust shares last traded at GBX 251.92 ($3.39), with a volume of 1,275,315 shares changing hands.
The Mercantile Investment Trust Price Performance
The stock has a market cap of £1.87 billion, a price-to-earnings ratio of 4.74 and a beta of 1.16. The stock has a fifty day moving average of GBX 234.72 and a 200 day moving average of GBX 235.66.
The Mercantile Investment Trust (LON:MRC - Get Free Report) last posted its earnings results 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 net margin of 94.67% and a return on equity of 20.56%.
Insiders Place Their Bets
In related news, insider Damien Maltarp purchased 8,000 shares of The Mercantile Investment Trust stock in a transaction dated Thursday, April 10th. The shares were acquired at an average price of GBX 213 ($2.87) per share, for a total transaction of £17,040 ($22,934.05). 1.68% of the stock is owned by company insiders.
About The Mercantile Investment Trust
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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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