The Mercantile Investment Trust (LON:MRC) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Shares of The Mercantile Investment Trust plc (LON:MRC) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 248.90 and traded as high as GBX 250.02. The Mercantile Investment Trust shares last traded at GBX 250.02, with a volume of 2,499,065 shares trading hands.

The Mercantile Investment Trust Price Performance

The business has a fifty day moving average of GBX 248.90 and a 200-day moving average of GBX 250.54. The stock has a market capitalization of £1.76 billion, a price-to-earnings ratio of 75.83 and a beta of 1.16.

The Mercantile Investment Trust (LON:MRC) last issued its quarterly earnings results on Monday, October 20th. The investment trust reported GBX 5.66 earnings per share for the quarter. The Mercantile Investment Trust had a net margin of 94.67% and a return on equity of 20.56%.

Insiders Place Their Bets

In other The Mercantile Investment Trust news, insider Rachel Beagles purchased 10,771 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were purchased at an average price of GBX 247 per share, for a total transaction of £26,604.37. Insiders own 0.12% of the company’s stock.

About The Mercantile Investment Trust

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.