The Mercantile Investment Trust (LON:MRC) Shares Cross Below 50 Day Moving Average – What’s Next?

The Mercantile Investment Trust plc (LON:MRC) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 238.72 ($3.03) and traded as low as GBX 229.92 ($2.91). The Mercantile Investment Trust shares last traded at GBX 230.50 ($2.92), with a volume of 1,378,151 shares.

The Mercantile Investment Trust Stock Performance

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 stock has a market capitalization of £1.78 billion, a P/E ratio of 2,324.49 and a beta of 1.16. The company’s fifty day simple moving average is GBX 238.72 and its 200 day simple moving average is GBX 241.45.

The Mercantile Investment Trust Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, September 26th were paid a GBX 1.50 ($0.02) dividend. The ex-dividend date was Thursday, September 26th. This represents a yield of 0.61%. The Mercantile Investment Trust’s dividend payout ratio is currently 8,000.00%.

About The Mercantile Investment Trust

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.