The Mercantile Investment Trust (LON:MRC) Hits New 52-Week High – Time to Buy?

The Mercantile Investment Trust plc (LON:MRC)’s stock price hit a new 52-week high on Monday . The company traded as high as GBX 274.50 and last traded at GBX 274.16, with a volume of 254835 shares. The stock had previously closed at GBX 269.

The Mercantile Investment Trust Stock Performance

The stock’s 50-day moving average price is GBX 261.45 and its 200-day moving average price is GBX 258.81. The company has a current ratio of 6.39, a quick ratio of 11.82 and a debt-to-equity ratio of 16.68. The company has a market capitalization of £1.76 billion, a P/E ratio of 9.44 and a beta of 1.54.

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.