Mercantile (LON:MRC) Stock Price Crosses Above 50 Day Moving Average of $221.47

Mercantile (LON:MRC) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 221.47 ($2.74) and traded as high as GBX 225 ($2.78). Mercantile shares last traded at GBX 220 ($2.72), with a volume of 782,972 shares traded.

Mercantile Stock Performance

The firm has a market cap of £1.73 billion, a PE ratio of 22,000.00 and a beta of 1.12. The company has a 50 day simple moving average of GBX 221.47 and a 200-day simple moving average of GBX 210.71. The company has a debt-to-equity ratio of 18.01, a current ratio of 11.12 and a quick ratio of 11.82.

Mercantile Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 11th will be paid a GBX 3.30 ($0.04) dividend. The ex-dividend date is Thursday, April 11th. This represents a yield of 1.46%. This is a positive change from Mercantile’s previous dividend of $1.45. Mercantile’s dividend payout ratio is currently 70,000.00%.

Insiders Place Their Bets

In other news, insider Rachel Beagles bought 11,400 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average price of GBX 218 ($2.69) per share, with a total value of £24,852 ($30,696.64). 0.68% of the stock is owned by insiders.

Mercantile Company Profile

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.