The Mercantile Investment Trust (LON:MRC) Reaches New 52-Week High – What’s Next?

The Mercantile Investment Trust plc (LON:MRC) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 293.98 and last traded at GBX 283.81, with a volume of 493762 shares traded. The stock had previously closed at GBX 282.58.

The Mercantile Investment Trust Price Performance

The company has a debt-to-equity ratio of 16.68, a quick ratio of 11.82 and a current ratio of 6.39. The firm has a market cap of £1.80 billion, a P/E ratio of 9.80 and a beta of 1.53. The company has a 50-day moving average of GBX 275.91 and a 200 day moving average of GBX 265.20.

About The Mercantile Investment Trust

The Mercantile Investment Trust: The home of tomorrow’s UK market leaders

The Mercantile Investment Trust Approach

Expert market access

As one of the largest UK equity investment trusts and a history stretching back more than 140 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.

Why invest in The Mercantile Investment Trust

Thanks to its focus on quality stocks outside the FTSE 100, The Mercantile Investment Trust offers a cost-effective way to gain access to the companies that we believe have the greatest potential to become tomorrow’s UK market leaders.