The Mercantile Investment Trust (LON:MRC) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

The Mercantile Investment Trust plc (LON:MRC) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 261.83 and traded as high as GBX 270. The Mercantile Investment Trust shares last traded at GBX 267.01, with a volume of 2,134,143 shares trading hands.

The Mercantile Investment Trust Stock Up 0.8%

The stock’s fifty day simple moving average is GBX 262.21 and its two-hundred day simple moving average is GBX 253.95. The firm has a market cap of £1.84 billion, a PE ratio of 81.60 and a beta of 1.16.

Insiders Place Their Bets

In related news, insider Graham Kitchen acquired 10,000 shares of the stock in a transaction on Monday, December 15th. The stock was acquired at an average price of GBX 253 per share, for a total transaction of £25,300. 0.13% of the stock is currently owned by company 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.
Rigorous research

In a segment of the stock market that demands first-hand scrutiny, our disciplined research-based investment approach really sets us apart, providing exceptional access to a diversified portfolio of quality stocks with attractive long-term growth potential.
Focused on dividends

Our focus on quality companies with strong cash flows also helps to generate an attractive income for shareholders, with the opportunity to target annual dividend growth ahead of the rate of inflation.