The Mercantile Investment Trust (LON:MRC) Share Price Crosses Below 200 Day Moving Average – What’s Next?

The Mercantile Investment Trust plc (LON:MRC)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 240.78 ($3.02) and traded as low as GBX 232 ($2.91). The Mercantile Investment Trust shares last traded at GBX 232 ($2.91), with a volume of 300,853 shares.

The Mercantile Investment Trust Stock Performance

The company has a debt-to-equity ratio of 17.58, a current ratio of 5.04 and a quick ratio of 11.82. The stock’s 50 day simple moving average is GBX 236.20 and its two-hundred day simple moving average is GBX 240.78. The stock has a market cap of £1.80 billion, a P/E ratio of 2,320.00 and a beta of 1.16.

The Mercantile Investment Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, December 19th will be given a GBX 1.50 ($0.02) dividend. This represents a yield of 0.62%. The ex-dividend date of this dividend is Thursday, December 19th. The Mercantile Investment Trust’s dividend payout ratio (DPR) is currently 8,000.00%.

About The Mercantile Investment Trust

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.