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

Mercia Asset Management PLC (LON:MERC – Get Free Report) shares traded down 0.3% on Tuesday . The company traded as low as GBX 26 and last traded at GBX 26.43. 19,089 shares were traded during trading, a decline of 97% from the average session volume of 643,733 shares. The stock had previously closed at GBX 26.50.

Analysts Set New Price Targets

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

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Mercia Asset Management Stock Down 0.3%

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

Mercia Asset Management (LON:MERC – Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported GBX (2) EPS for the quarter. Mercia Asset Management had a negative return on equity of 4.78% and a negative net margin of 25.23%. On average, equities research analysts forecast that Mercia Asset Management PLC will post 0.9368771 earnings per share for the current fiscal year.

About Mercia Asset Management

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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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