The Mercantile Investment Trust (LON:MRC) Stock Passes Above Fifty Day Moving Average – What’s Next?

The Mercantile Investment Trust plc (LON:MRC) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 235.57 ($2.92) and traded as high as GBX 236.50 ($2.93). The Mercantile Investment Trust shares last traded at GBX 236 ($2.92), with a volume of 932,391 shares.

The Mercantile Investment Trust Trading Up 0.1 %

The company has a quick ratio of 11.82, a current ratio of 5.04 and a debt-to-equity ratio of 17.58. The business’s fifty day moving average is GBX 235.57 and its 200-day moving average is GBX 240.71. The stock has a market capitalization of £1.83 billion, a PE ratio of 2,361.87 and a beta of 1.16.

The Mercantile Investment Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, December 19th will be issued a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a dividend yield of 0.62%. The Mercantile Investment Trust’s payout ratio 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.