The Mercantile Investment Trust plc (LON:MRC – Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 246.22 ($3.25) and traded as high as GBX 252.67 ($3.33). The Mercantile Investment Trust shares last traded at GBX 249.50 ($3.29), with a volume of 662,152 shares trading hands.
The Mercantile Investment Trust Stock Performance
The business has a 50 day moving average of GBX 246.22 and a 200-day moving average of GBX 234.45. The company has a market capitalization of £1.94 billion, a P/E ratio of 2,495.00 and a beta of 1.12. The company has a debt-to-equity ratio of 17.58, a quick ratio of 11.82 and a current ratio of 5.04.
About The Mercantile Investment Trust
The Mercantile Investment Trust plc is an open ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of the United Kingdoms. The fund spreads its investments across diversified sectors.
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