Mercia Asset Management PLC (LON:MERC – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as GBX 32 and last traded at GBX 30.50, with a volume of 710,392 shares trading hands. The stock had previously closed at GBX 30.50.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 67 price target on shares of Mercia Asset Management in a research report on Thursday, September 24th. 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 price target of GBX 67.
Read Our Latest Stock Report on MERC
Mercia Asset Management Stock Performance
The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.34 and a current ratio of 99.15. The firm has a market capitalization of £128.19 million, a price-to-earnings ratio of -15.25 and a beta of 0.80. The firm’s 50-day moving average price is GBX 28.37 and its two-hundred day moving average price is GBX 28.12.
Insider Buying and Selling at Mercia Asset Management
In related news, insider Martin James Glanfield purchased 104,132 shares of Mercia Asset Management stock in a transaction dated Thursday, August 20th. The shares were bought at an average cost of GBX 26 per share, for a total transaction of £27,074.32. Also, insider Mark Andrew Payton acquired 56,083 shares of Mercia Asset Management stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average price of GBX 27 per share, for a total transaction of £15,142.41. Insiders have purchased a total of 225,892 shares of company stock worth $5,994,952 in the last ninety days. 18.62% of the stock is currently owned by company insiders.
Mercia Asset Management Company Profile
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.
Featured Stories
- Five stocks we like better than Mercia Asset Management
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for Mercia Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercia Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.
