Shares of The Mercantile Investment Trust plc (LON:MRC - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 232.68 ($3.14) and traded as high as GBX 253 ($3.42). The Mercantile Investment Trust shares last traded at GBX 250 ($3.38), with a volume of 807,935 shares.
The Mercantile Investment Trust Stock Performance
The business's 50 day simple moving average is GBX 233.58 and its 200-day simple moving average is GBX 235.32. The company 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 announced 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 Transactions at The Mercantile Investment Trust
In related news, insider Damien Maltarp purchased 8,000 shares of The Mercantile Investment Trust stock in a transaction on Thursday, April 10th. The stock was bought at an average price of GBX 213 ($2.88) per share, with a total value of £17,040 ($23,027.03). Company insiders own 1.68% of the company's stock.
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.
Recommended Stories
Before you consider The Mercantile Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Mercantile Investment Trust wasn't on the list.
While The Mercantile Investment Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
