The Mercantile Investment Trust (LON:MRC) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Shares of The Mercantile Investment Trust plc (LON:MRC) passed 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 changing hands.

The Mercantile Investment Trust Stock Performance

The company has a current ratio of 5.04, a quick ratio of 11.82 and a debt-to-equity ratio of 17.58. The firm has a market capitalization of £1.83 billion, a price-to-earnings ratio of 2,360.00 and a beta of 1.16. The stock has a fifty day moving average price of GBX 235.50 and a 200-day moving average price of GBX 240.75.

The Mercantile Investment Trust Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, December 19th will be given 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 dividend payout ratio (DPR) is 8,000.00%.

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.