The Mercantile Investment Trust (LON:MRC) Reaches New 1-Year High – Still a Buy?

The Mercantile Investment Trust plc (LON:MRC)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 277.23 and last traded at GBX 277.23, with a volume of 526466 shares changing hands. The stock had previously closed at GBX 273.50.

The Mercantile Investment Trust Price Performance

The company has a fifty day simple moving average of GBX 266.65 and a two-hundred day simple moving average of GBX 261.55. The company has a current ratio of 6.39, a quick ratio of 11.82 and a debt-to-equity ratio of 16.68. The stock has a market capitalization of £1.77 billion, a P/E ratio of 9.54 and a beta of 1.53.

About The Mercantile Investment Trust

The Mercantile Investment Trust: The home of tomorrow’s UK market leaders

The Mercantile Investment Trust Approach

Expert market access

As one of the largest UK equity investment trusts and a history stretching back more than 140 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.

Why invest in The Mercantile Investment Trust

Thanks to its focus on quality stocks outside the FTSE 100, The Mercantile Investment Trust offers a cost-effective way to gain access to the companies that we believe have the greatest potential to become tomorrow’s UK market leaders.