The Mercantile Investment Trust (LON:MRC) Reaches New 52-Week High – Should You Buy?

The Mercantile Investment Trust plc (LON:MRC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 269.50 and last traded at GBX 269, with a volume of 1050176 shares changing hands. The stock had previously closed at GBX 267.50.

The Mercantile Investment Trust Price Performance

The stock has a market cap of £1.85 billion, a price-to-earnings ratio of 81.37 and a beta of 1.16. The business has a fifty day moving average of GBX 257.76 and a 200 day moving average of GBX 252.63.

Insider Buying and Selling at The Mercantile Investment Trust

In other The Mercantile Investment Trust news, insider Rachel Beagles purchased 30,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were bought at an average price of GBX 247 per share, for a total transaction of £74,100. Also, insider Graham Kitchen purchased 10,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average price of GBX 253 per share, for a total transaction of £25,300. In the last 90 days, insiders have bought 50,771 shares of company stock worth $12,600,437. 0.11% of the stock is currently owned by company insiders.

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.
Rigorous research

In a segment of the stock market that demands first-hand scrutiny, our disciplined research-based investment approach really sets us apart, providing exceptional access to a diversified portfolio of quality stocks with attractive long-term growth potential.
Focused on dividends

Our focus on quality companies with strong cash flows also helps to generate an attractive income for shareholders, with the opportunity to target annual dividend growth ahead of the rate of inflation.