The Mercantile Investment Trust (LON:MRC) Stock Crosses Above Fifty Day Moving Average of $200.41

The Mercantile Investment Trust plc (LON:MRCGet Rating) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 200.41 ($2.45) and traded as high as GBX 208 ($2.54). The Mercantile Investment Trust shares last traded at GBX 203.50 ($2.48), with a volume of 1,167,447 shares changing hands.

The Mercantile Investment Trust Stock Performance

The company has a quick ratio of 11.82, a current ratio of 11.82 and a debt-to-equity ratio of 17.51. The company has a 50 day simple moving average of GBX 200.41 and a 200-day simple moving average of GBX 189.81. The stock has a market capitalization of £1.62 billion and a price-to-earnings ratio of 581.43.

The Mercantile Investment Trust Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Thursday, December 22nd will be paid a GBX 1.35 ($0.02) dividend. This represents a yield of 0.71%. The ex-dividend date is Thursday, December 22nd. The Mercantile Investment Trust’s dividend payout ratio (DPR) is presently 19.71%.

About The Mercantile Investment Trust

(Get Rating)

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.

Further Reading

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