The Mercantile Investment Trust plc (LON:MRC - Get Free Report)'s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 243.01 ($3.15) and traded as low as GBX 237.50 ($3.08). The Mercantile Investment Trust shares last traded at GBX 240 ($3.11), with a volume of 10,573,747 shares trading hands.
The Mercantile Investment Trust Trading Down 2.1 %
The firm's 50 day simple moving average is GBX 242.75 and its two-hundred day simple moving average is GBX 240.20. The stock has a market capitalization of £1.82 billion, a P/E ratio of 2,357.80 and a beta of 1.16. 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 Mercantile Investment Trust Announces Dividend
The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, September 26th will be paid a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a yield of 0.61%. The Mercantile Investment Trust's dividend payout ratio (DPR) is presently 8,000.00%.
The Mercantile Investment Trust Company Profile
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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.
Further Reading
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