Mercia Asset Management (LON:MERC) Shares Down 1.8% – What’s Next?

Mercia Asset Management PLC (LON:MERC – Get Free Report)’s share price fell 1.8% during trading on Tuesday . The company traded as low as GBX 27 and last traded at GBX 27. Approximately 120,497 shares traded hands during trading, a decline of 80% from the average daily volume of 601,346 shares. The stock had previously closed at GBX 27.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 67 target price on shares of Mercia Asset Management in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 67.

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Mercia Asset Management Trading Down 0.1%

The firm has a fifty day simple moving average of GBX 26.72 and a two-hundred day simple moving average of GBX 27.92. The firm has a market capitalization of £115.72 million, a P/E ratio of -13.74 and a beta of 0.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 99.15 and a quick ratio of 5.34.

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

Insider Activity

In other Mercia Asset Management news, insider Martin James Glanfield bought 104,132 shares of Mercia Asset Management stock in a transaction dated Thursday, August 20th. The stock was purchased at an average price of GBX 26 per share, for a total transaction of £27,074.32. Also, insider Mark Andrew Payton purchased 56,083 shares of the stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of GBX 27 per share, for a total transaction of £15,142.41. Over the last ninety days, insiders have acquired 225,892 shares of company stock worth $5,994,952. Insiders own 18.61% of the company’s stock.

Mercia Asset Management Company Profile

(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.

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