The Mercantile Investment Trust plc (LON:MRC - Get Free Report)'s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 232.68 ($3.16) and traded as high as GBX 253 ($3.43). The Mercantile Investment Trust shares last traded at GBX 250 ($3.39), with a volume of 807,935 shares trading hands.
The Mercantile Investment Trust Stock Performance
The firm has a market cap of £1.86 billion, a price-to-earnings ratio of 4.71 and a beta of 1.16. The company has a 50 day moving average price of GBX 233.26 and a 200 day moving average price of GBX 235.21.
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) 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 other The Mercantile Investment Trust news, insider Damien Maltarp bought 8,000 shares of The Mercantile Investment Trust stock in a transaction dated Thursday, April 10th. The stock was acquired at an average cost of GBX 213 ($2.89) per share, with a total value of £17,040 ($23,120.76). 1.68% of the stock is owned by company insiders.
The Mercantile Investment Trust Company Profile
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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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