Mercantile (LON:MRC) Share Price Passes Above 50 Day Moving Average of $221.47

Shares of Mercantile (LON:MRC) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Mercantile Trading Up 2.0 %

The company has a quick ratio of 11.82, a current ratio of 11.12 and a debt-to-equity ratio of 18.01. The business’s fifty day simple moving average is GBX 221.68 and its two-hundred day simple moving average is GBX 210.96. The company has a market cap of £1.75 billion, a price-to-earnings ratio of 22,450.00 and a beta of 1.12.

Mercantile Increases Dividend

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

Insider Activity

In other Mercantile news, insider Rachel Beagles bought 11,400 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average cost of GBX 218 ($2.69) per share, with a total value of £24,852 ($30,696.64). Corporate insiders own 0.68% of the company’s stock.

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.