Mercia Asset Management (LON:MERC – Get Free Report) posted its earnings results on Tuesday. The company reported GBX (2) earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 3,414 million for the quarter. Mercia Asset Management had a return on equity of 1.79% and a net margin of 9.81%.
Mercia Asset Management Stock Performance
Shares of LON:MERC traded down GBX 1.35 on Tuesday, reaching GBX 27.40. The company’s stock had a trading volume of 1,329,200 shares, compared to its average volume of 664,007. The stock’s 50-day moving average is GBX 29.24 and its two-hundred day moving average is GBX 28.64. Mercia Asset Management has a 52-week low of GBX 25.12 and a 52-week high of GBX 34.76. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.28 and a quick ratio of 5.34. The stock has a market capitalization of £116.01 million, a P/E ratio of 35.13 and a beta of 0.75.
Analyst Ratings Changes
Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 67 target price on shares of Mercia Asset Management in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Mercia Asset Management currently has a consensus rating of “Buy” and a consensus price target 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.
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