The Mercantile Investment Trust (LON:MRC) Stock Price Passes Above 50-Day Moving Average of $248.15

The Mercantile Investment Trust plc (LON:MRC)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 248.15 ($3.32) and traded as high as GBX 248.50 ($3.33). The Mercantile Investment Trust shares last traded at GBX 245 ($3.28), with a volume of 977,797 shares trading hands.

The Mercantile Investment Trust Price Performance

The company has a market capitalization of £1.89 billion, a price-to-earnings ratio of 2,450.00 and a beta of 1.16. 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 company’s 50 day simple moving average is GBX 248.15 and its 200-day simple moving average is GBX 237.82.

The Mercantile Investment Trust Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, September 26th will be paid a GBX 1.50 ($0.02) dividend. The ex-dividend date is Thursday, September 26th. This represents a yield of 0.61%. The Mercantile Investment Trust’s payout ratio is currently 8,000.00%.

About The Mercantile Investment Trust

The Mercantile Investment Trust plc is an open ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of the United Kingdoms. The fund spreads its investments across diversified sectors.