The Mercantile Investment Trust (LON:MRC) Hits New 1-Year High – Here’s Why

Shares of The Mercantile Investment Trust plc (LON:MRC) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 275.50 and last traded at GBX 275.50, with a volume of 1098893 shares trading hands. The stock had previously closed at GBX 272.

The Mercantile Investment Trust Stock Up 0.7%

The stock has a market capitalization of £1.78 billion, a P/E ratio of 9.52 and a beta of 1.07. The company has a debt-to-equity ratio of 16.68, a current ratio of 6.39 and a quick ratio of 11.82. The stock’s fifty day moving average is GBX 265.18 and its two-hundred day moving average is GBX 260.54.

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.