The Mercantile Investment Trust (LON:MRC) Stock Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• The Mercantile Investment Trust's stock price has recently crossed above its 50-day moving average of GBX 252.69, reaching a high of GBX 255 during trading.
• The trust boasts a market cap of £1.88 billion and a PE ratio of 4.76, indicating its position in the market.
• Insider Rachel Beagles made a notable purchase of 1,016 shares at an average cost of GBX 253, totaling over £2,570.48, reflecting insider confidence in the company.

The Mercantile Investment Trust plc (LON:MRC - )'s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 252.69 ($3.40) and traded as high as GBX 255 ($3.43). The Mercantile Investment Trust shares last traded at GBX 253 ($3.40), with a volume of 965,060 shares.

The Mercantile Investment Trust Stock Performance

The stock has a market cap of £1.88 billion, a PE ratio of 4.76 and a beta of 1.16. The company's 50-day moving average price is GBX 252.69 and its two-hundred day moving average price is GBX 241.91.

Insiders Place Their Bets

In other The Mercantile Investment Trust news, insider Rachel Beagles purchased 1,016 shares of The Mercantile Investment Trust stock in a transaction on Wednesday, June 4th. The shares were acquired at an average cost of GBX 253 ($3.40) per share, for a total transaction of £2,570.48 ($3,456.80). 1.68% of the stock is owned by insiders.

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.

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