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The Mercantile Investment Trust (LON:MRC) Share Price Passes Below Fifty Day Moving Average - Should You Sell?

The Mercantile Investment Trust logo with Financial Services background

Key Points

  • The Mercantile Investment Trust's stock price has fallen below its 50-day moving average of GBX 250.82, trading as low as GBX 248.40 on Thursday.
  • The stock is currently valued at GBX 249.50 ($3.38) with a market cap of £1.78 billion and a price-to-earnings ratio of 794.71.
  • With more than 130 years of history, The Mercantile Investment Trust focuses on investing in quality UK medium-sized and smaller companies.
  • Five stocks we like better than The Mercantile Investment Trust.

Shares of The Mercantile Investment Trust plc (LON:MRC - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 250.82 ($3.39) and traded as low as GBX 248.40 ($3.36). The Mercantile Investment Trust shares last traded at GBX 249.50 ($3.37), with a volume of 1,142,482 shares traded.

The Mercantile Investment Trust Price Performance

The company has a 50-day simple moving average of GBX 250.71 and a 200-day simple moving average of GBX 243.92. The stock has a market cap of £1.77 billion, a PE ratio of 792.33 and a beta of 1.16.

About The Mercantile Investment Trust

(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.

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