The Mercantile Investment Trust (LON:MRC) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

The Mercantile Investment Trust plc (LON:MRC) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 234.64 ($2.86) and traded as low as GBX 219.75 ($2.68). The Mercantile Investment Trust shares last traded at GBX 220 ($2.69), with a volume of 33,712,512 shares traded.

The Mercantile Investment Trust Stock Down 2.0 %

The company’s fifty day simple moving average is GBX 234.64 and its 200 day simple moving average is GBX 240.51. 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 capitalization of £1.70 billion, a PE ratio of 2,200.00 and a beta of 1.16.

The Mercantile Investment Trust Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, December 19th will be paid a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a yield of 0.62%. The Mercantile Investment Trust’s payout ratio is 8,000.00%.

The Mercantile Investment Trust Company Profile

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.