The Mercantile Investment Trust plc (LON:MRC - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 228.81 ($3.07) and traded as high as GBX 233.56 ($3.13). The Mercantile Investment Trust shares last traded at GBX 233.50 ($3.13), with a volume of 1,136,141 shares changing hands.
The Mercantile Investment Trust Price Performance
The company's 50-day simple moving average is GBX 228.61 and its two-hundred day simple moving average is GBX 233.74. The firm has a market capitalization of £1.73 billion, a P/E ratio of 4.38 and a beta of 1.16.
The Mercantile Investment Trust (LON:MRC - Get Free Report) last announced its earnings results on Tuesday, April 8th. The investment trust reported GBX 8.96 ($0.12) EPS for the quarter. The Mercantile Investment Trust had a return on equity of 20.56% and a net margin of 94.67%.
Insider Activity
In other The Mercantile Investment Trust news, insider Damien Maltarp purchased 8,000 shares of the business's stock in a transaction on Thursday, April 10th. The stock was acquired at an average price of GBX 213 ($2.86) per share, for a total transaction of £17,040 ($22,854.08). Insiders own 1.68% of the company's stock.
About The Mercantile Investment Trust
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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.
Further Reading
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