The Mercantile Investment Trust plc (LON:MRC – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 267.50 and last traded at GBX 267.50, with a volume of 52790 shares trading hands. The stock had previously closed at GBX 264.
The Mercantile Investment Trust Stock Down 0.6%
The company’s 50-day moving average is GBX 254.72 and its 200 day moving average is GBX 251.92. The company has a market cap of £1.83 billion, a price-to-earnings ratio of 80.36 and a beta of 1.16.
Insider Transactions at The Mercantile Investment Trust
In other The Mercantile Investment Trust news, insider Graham Kitchen bought 10,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were purchased at an average cost of GBX 253 per share, for a total transaction of £25,300. Also, insider Rachel Beagles purchased 10,771 shares of The Mercantile Investment Trust stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average cost of GBX 247 per share, with a total value of £26,604.37. Insiders have bought a total of 50,771 shares of company stock worth $12,600,437 over the last 90 days. Insiders own 0.11% of the company’s stock.
The Mercantile Investment Trust Company Profile
The Mercantile Investment Trust Approach
Expert market access
As one of the largest UK equity investment trusts and a history stretching back more than 130 years, The Mercantile Investment Trust enjoys a long and successful track record championing quality UK medium-sized and smaller companies.
Rigorous research
In a segment of the stock market that demands first-hand scrutiny, our disciplined research-based investment approach really sets us apart, providing exceptional access to a diversified portfolio of quality stocks with attractive long-term growth potential.
Focused on dividends
Our focus on quality companies with strong cash flows also helps to generate an attractive income for shareholders, with the opportunity to target annual dividend growth ahead of the rate of inflation.
See Also
- Five stocks we like better than The Mercantile Investment Trust
- INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off
- The $100 Trillion AI Story No One Is Telling You
- Buy This Stock at 9:30 AM on MONDAY!
- A U.S. “birthright” claim worth trillions – activated quietly
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
Receive News & Ratings for The Mercantile Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Mercantile Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.
