The Mercantile Investment Trust (LON:MRC) Shares Pass Above 50 Day Moving Average – Time to Sell?

The Mercantile Investment Trust plc (LON:MRC)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-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 traded.

The Mercantile Investment Trust Stock Up 0.1 %

The stock has a market cap of £1.83 billion, a price-to-earnings ratio of 2,361.87 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 firm’s 50 day moving average is GBX 235.57 and its two-hundred day moving average is GBX 240.71.

The Mercantile Investment Trust Dividend Announcement

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