The Mercantile Investment Trust (LON:MRC) Shares Pass Below 200-Day Moving Average – Here’s What Happened

The Mercantile Investment Trust plc (LON:MRC) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 250.65 and traded as low as GBX 238.36. The Mercantile Investment Trust shares last traded at GBX 240.50, with a volume of 1,899,753 shares changing hands.

The Mercantile Investment Trust Stock Performance

The firm’s 50-day simple moving average is GBX 249.45 and its 200-day simple moving average is GBX 250.65. The company has a market capitalization of £1.68 billion, a PE ratio of 72.66 and a beta of 1.16.

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

Insider Buying and Selling at The Mercantile Investment Trust

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

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.