The Mercantile Investment Trust (LON:MRC) Stock Price Passes Below 50 Day Moving Average of $234.56

The Mercantile Investment Trust plc (LON:MRC)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 234.56 ($2.98) and traded as low as GBX 234 ($2.97). The Mercantile Investment Trust shares last traded at GBX 235 ($2.98), with a volume of 1,208,368 shares.

The Mercantile Investment Trust Price Performance

The business has a fifty day moving average of GBX 235.20 and a 200 day moving average of GBX 223.67. The company has a quick ratio of 11.82, a current ratio of 5.04 and a debt-to-equity ratio of 17.58. The firm has a market cap of £1.81 billion, a P/E ratio of 2,330.00 and a beta of 1.12.

The Mercantile Investment Trust Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, August 1st. Stockholders of record on Thursday, June 20th will be paid a GBX 1.50 ($0.02) dividend. The ex-dividend date is Thursday, June 20th. This represents a dividend yield of 0.62%. The Mercantile Investment Trust’s dividend payout ratio (DPR) is presently 8,000.00%.

The Mercantile Investment Trust Company Profile

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.