Mercantile (LON:MRC) Stock Price Crosses Above 50 Day Moving Average of $221.47

Mercantile (LON:MRC)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 221.47 ($2.74) and traded as high as GBX 225 ($2.78). Mercantile shares last traded at GBX 220 ($2.72), with a volume of 782,972 shares trading hands.

Mercantile Stock Up 1.0 %

The firm’s 50 day moving average price is GBX 221.47 and its two-hundred day moving average price is GBX 210.71. The company has a market cap of £1.73 billion, a P/E ratio of 22,000.00 and a beta of 1.12. The company has a debt-to-equity ratio of 18.01, a quick ratio of 11.82 and a current ratio of 11.12.

Mercantile Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 11th will be paid a dividend of GBX 3.30 ($0.04) per share. This represents a yield of 1.46%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from Mercantile’s previous dividend of $1.45. Mercantile’s payout ratio is 70,000.00%.

Insider Buying and Selling at Mercantile

In other Mercantile news, insider Rachel Beagles purchased 11,400 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average price of GBX 218 ($2.69) per share, for a total transaction of £24,852 ($30,696.64). 0.68% of the stock is currently owned by company insiders.

About Mercantile

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.