The Mercantile Investment Trust (LON:MRC) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of 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 243.01 ($3.15) and traded as low as GBX 237.50 ($3.08). The Mercantile Investment Trust shares last traded at GBX 240 ($3.11), with a volume of 10,573,747 shares changing hands.

The Mercantile Investment Trust Stock Up 1.3 %

The company has a debt-to-equity ratio of 17.58, a quick ratio of 11.82 and a current ratio of 5.04. The stock’s 50-day moving average price is GBX 242.19 and its two-hundred day moving average price is GBX 240.27. The stock has a market capitalization of £1.84 billion, a PE ratio of 2,380.00 and a beta of 1.16.

The Mercantile Investment Trust Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, September 26th will be given a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a dividend yield of 0.61%. The Mercantile Investment Trust’s dividend payout ratio is currently 8,000.00%.

The Mercantile Investment Trust Company Profile

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.