Mercantile Investment Trust (LON:MRC) Reaches New 52-Week High at $230.76

Mercantile Investment Trust PLC (LON:MRC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 230.76 ($3.02) and last traded at GBX 222.95 ($2.91), with a volume of 50234 shares traded. The stock had previously closed at GBX 246.25 ($3.22).

The company has a debt-to-equity ratio of 10.14, a current ratio of 13.36 and a quick ratio of 13.36. The company has a market capitalization of $1.79 billion and a PE ratio of -11.21. The stock’s 50 day simple moving average is GBX 212.17 and its 200-day simple moving average is GBX 187.92.

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, September 26th will be paid a dividend of GBX 1.35 ($0.02) per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a yield of 0.65%. Mercantile Investment Trust’s dividend payout ratio (DPR) is presently -0.25%.

In other Mercantile Investment Trust news, insider Graham Kitchen purchased 5,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of GBX 192 ($2.51) per share, for a total transaction of £9,600 ($12,544.10).

Mercantile Investment Trust Company Profile (LON:MRC)

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.

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