Mercia Asset Management (LON:MERC) Stock Price Down 0.3% – Here’s Why

Shares of Mercia Asset Management PLC (LON:MERCGet Free Report) fell 0.3% during trading on Tuesday . The company traded as low as GBX 26 and last traded at GBX 26.43. 19,089 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 643,733 shares. The stock had previously closed at GBX 26.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 67 target price on shares of Mercia Asset Management in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 67.

Read Our Latest Research Report on MERC

Mercia Asset Management Trading Down 0.3%

The company has a debt-to-equity ratio of 0.54, a current ratio of 99.15 and a quick ratio of 5.34. The business has a 50-day moving average of GBX 28.27 and a 200-day moving average of GBX 28.29. The firm has a market cap of £111.63 million, a price-to-earnings ratio of -13.21 and a beta of 0.77.

Mercia Asset Management (LON:MERCGet Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The company reported GBX (2) EPS for the quarter. Mercia Asset Management had a negative net margin of 25.23% and a negative return on equity of 4.78%. Research analysts anticipate that Mercia Asset Management PLC will post 0.9368771 EPS for the current year.

About Mercia Asset Management

(Get Free Report)

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.

Further Reading

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