Mercator Acquisition (NASDAQ:MRCO) Posts Earnings Results

Mercator Acquisition (NASDAQ:MRCO) issued its quarterly earnings data on Friday. The company reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports.

Mercator Acquisition Stock Performance

Shares of NASDAQ MRCO traded up $0.03 during mid-day trading on Friday, reaching $9.91. The company had a trading volume of 246,647 shares, compared to its average volume of 19,199. Mercator Acquisition has a one year low of $9.83 and a one year high of $10.03. The company has a 50-day moving average price of $9.88.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on shares of Mercator Acquisition in a research report on Monday, November 9th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

Mercator Acquisition Company Profile

Mercator Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies. Mercator Acquisition Corp. is based in NORWALK, CT.