The Mercantile Investment Trust (LON:MRC) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Posted by Eileen French on Dec 27th, 2024

The Mercantile Investment Trust plc (LON:MRC – Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 240.78 ($3.02) and traded as low as GBX 232 ($2.91). The Mercantile Investment Trust shares last traded at GBX 232 ($2.91), with a volume of 300,853 shares trading hands.

The Mercantile Investment Trust Stock Performance

The company has a market capitalization of £1.80 billion, a P/E ratio of 2,325.00 and a beta of 1.16. The company’s 50 day moving average is GBX 235.89 and its 200-day moving average is GBX 240.65. 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 Mercantile Investment Trust Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, December 19th will be issued a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a yield of 0.62%. The Mercantile Investment Trust’s payout ratio is currently 8,000.00%.

About The Mercantile Investment Trust

(Get Free Report)

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.