The Mercantile Investment Trust (LON:MRC) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

The Mercantile Investment Trust plc (LON:MRC)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 238.72 ($3.03) and traded as low as GBX 229.92 ($2.91). The Mercantile Investment Trust shares last traded at GBX 230.50 ($2.92), with a volume of 1,378,151 shares traded.

The Mercantile Investment Trust Price Performance

The firm’s 50 day moving average price is GBX 238.72 and its two-hundred day moving average price is GBX 241.45. The company has a debt-to-equity ratio of 17.58, a current ratio of 5.04 and a quick ratio of 11.82. The stock has a market cap of £1.78 billion, a PE ratio of 2,324.49 and a beta of 1.16.

The Mercantile Investment Trust Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 1st. Investors of record on Thursday, September 26th were paid a GBX 1.50 ($0.02) dividend. The ex-dividend date was Thursday, September 26th. This represents a yield of 0.61%. The Mercantile Investment Trust’s dividend payout ratio is 8,000.00%.

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.