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

The Mercantile Investment Trust plc (LON:MRC)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 234.64 ($2.86) and traded as low as GBX 219.75 ($2.68). The Mercantile Investment Trust shares last traded at GBX 220 ($2.69), with a volume of 33,712,512 shares traded.

The Mercantile Investment Trust Price Performance

The business has a fifty day moving average price of GBX 234.64 and a 200 day moving average price of GBX 240.47. The company has a debt-to-equity ratio of 17.58, a current ratio of 5.04 and a quick ratio of 11.82. The company has a market capitalization of £1.70 billion, a price-to-earnings ratio of 2,200.00 and a beta of 1.16.

The Mercantile Investment Trust Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, December 19th will be paid 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 currently 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.