The Mercantile Investment Trust (LON:MRC) Share Price Passes Above 50-Day Moving Average of $237.69

Shares of The Mercantile Investment Trust plc (LON:MRC) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 237.69 ($3.04) and traded as high as GBX 246 ($3.15). The Mercantile Investment Trust shares last traded at GBX 246 ($3.15), with a volume of 1,376,907 shares.

The Mercantile Investment Trust Trading Down 0.4 %

The company has a market cap of £1.90 billion, a P/E ratio of 2,460.00 and a beta of 1.12. 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 has a 50-day moving average price of GBX 237.69 and a two-hundred day moving average price of GBX 225.03.

The Mercantile Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, August 1st. Investors of record on Thursday, June 20th will be issued a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a yield of 0.62%. The Mercantile Investment Trust’s dividend payout ratio is presently 8,000.00%.

The Mercantile Investment Trust Company Profile

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.