The Mercantile Investment Trust (LON:MRC) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

The Mercantile Investment Trust plc (LON:MRC) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 260.05 and traded as high as GBX 270. The Mercantile Investment Trust shares last traded at GBX 265.50, with a volume of 5,958,569 shares trading hands.

The Mercantile Investment Trust Price Performance

The stock has a 50-day moving average price of GBX 260.05 and a 200-day moving average price of GBX 253.27. The company has a market capitalization of £1.83 billion, a P/E ratio of 80.97 and a beta of 1.16.

Insider Transactions at The Mercantile Investment Trust

In other news, insider Graham Kitchen purchased 10,000 shares of the stock in a transaction on Monday, December 15th. The stock was purchased at an average price of GBX 253 per share, for a total transaction of £25,300. Insiders own 0.13% of the company’s stock.

About The Mercantile Investment Trust

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.