The Mercantile Investment Trust plc (LON:MRC - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 235.57 ($2.93) and traded as high as GBX 236.50 ($2.94). The Mercantile Investment Trust shares last traded at GBX 236 ($2.93), with a volume of 932,391 shares trading hands.
The Mercantile Investment Trust Stock Performance
The company has a market cap of £1.83 billion, a price-to-earnings ratio of 2,360.00 and a beta of 1.16. 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 business's 50-day simple moving average is GBX 235.50 and its 200-day simple moving average is GBX 240.75.
The Mercantile Investment Trust Dividend Announcement
The business also recently announced 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. This represents a yield of 0.62%. The ex-dividend date of this dividend is Thursday, December 19th. The Mercantile Investment Trust's payout ratio is currently 8,000.00%.
About The Mercantile Investment Trust
(
Get Free Report)
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
Before you consider The Mercantile Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Mercantile Investment Trust wasn't on the list.
While The Mercantile Investment Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
