The Mercantile Investment Trust (LON:MRC) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Shares of The Mercantile Investment Trust plc (LON:MRC) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 236.29 ($2.97) and traded as high as GBX 245 ($3.08). The Mercantile Investment Trust shares last traded at GBX 244 ($3.07), with a volume of 1,179,289 shares changing hands.

The Mercantile Investment Trust Stock Performance

The company has a market cap of £1.82 billion, a PE ratio of 4.61 and a beta of 1.16. The company’s 50-day simple moving average is GBX 236.35 and its 200 day simple moving average is GBX 239.76.

The Mercantile Investment Trust Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, December 19th were given a GBX 1.50 ($0.02) dividend. The ex-dividend date was Thursday, December 19th. This represents a yield of 0.62%. The Mercantile Investment Trust’s dividend payout ratio is presently 15.04%.

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.