Mercia Asset Management (LON:MERC) Posts Earnings Results

Mercia Asset Management (LON:MERC) posted its quarterly earnings data on Tuesday. The company reported GBX (2) EPS for the quarter, Digital Look Earnings reports. The company had revenue of GBX 3,414 million during the quarter. Mercia Asset Management had a net margin of 9.81% and a return on equity of 1.79%.

Mercia Asset Management Price Performance

LON:MERC traded down GBX 1.35 during mid-day trading on Tuesday, reaching GBX 27.40. The stock had a trading volume of 1,329,200 shares, compared to its average volume of 664,007. The stock has a 50-day simple moving average of GBX 29.24 and a two-hundred day simple moving average of GBX 28.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.28 and a quick ratio of 5.34. Mercia Asset Management has a 12 month low of GBX 25.12 and a 12 month high of GBX 34.76. The stock has a market capitalization of £116.01 million, a PE ratio of 35.13 and a beta of 0.75.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 67 price objective on shares of Mercia Asset Management in a report on Tuesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Mercia Asset Management has a consensus rating of “Buy” and a consensus target price of GBX 67.

About Mercia Asset Management

Mercia is a regionally focused private capital asset manager with c.£2.0billion of AuM, investing across venture capital, private debt, private equity and property development finance. Our purpose is to deliver long-term value for investors while supporting the growth and resilience of the UK economy.