Mercia Asset Management (LON:MERC) Trading 2.6% Higher – Here’s Why

Posted by Linda Flegge on Nov 8th, 2024

Mercia Asset Management PLC (LON:MERC – Get Free Report) rose 2.6% on Thursday . The company traded as high as GBX 31.80 ($0.41) and last traded at GBX 31.80 ($0.41). Approximately 45,531 shares were traded during trading, a decline of 94% from the average daily volume of 813,086 shares. The stock had previously closed at GBX 31 ($0.40).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 64 ($0.83) price target on shares of Mercia Asset Management in a research report on Thursday, September 26th.

Check Out Our Latest Stock Analysis on MERC

Mercia Asset Management Price Performance

The stock has a 50 day moving average of GBX 31.99 and a 200-day moving average of GBX 32.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41. The company has a market cap of £137.15 million, a PE ratio of -1,590.00 and a beta of 1.20.

Mercia Asset Management Company Profile

(Get Free Report)

Mercia Asset Management PLC is a private equity and venture capital firm specializing in incubation, seed EIS, early stage, emerging growth, mid venture, late stage and growth capital investments. It invests in technology focusing on sectors such as digital entertainment, consumer services, media, retailing, energy, healthcare, industrials, materials, real estate, telecommunication services, gaming, internet, software, electronics and hardware, advanced materials, transportation, biosciences, engineering and specialist manufacturing, and life sciences.