Press coverage about Mercer International (NASDAQ:MERC) (TSE:MRI.U) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mercer International earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 44.9287423042291 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Is this the end of the pre-employment drug test? (dailyherald.com)
- The decline of the pre-employment drug test (seattletimes.com)
- NAFTA tribunal rules Canada did not violate trade agreement in pulp mill case (calgaryherald.com)
- NAFTA Tribunal Nixes US Energy Co.’s Claims Against Canada (law360.com)
Mercer International (NASDAQ:MERC) traded up $0.05 during trading on Wednesday, reaching $12.90. The company had a trading volume of 133,132 shares, compared to its average volume of 169,841. The firm has a market capitalization of $828.97, a price-to-earnings ratio of 11.94 and a beta of 1.56. Mercer International has a 52-week low of $10.45 and a 52-week high of $15.00. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.98 and a quick ratio of 1.57.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 28th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, March 27th. This represents a $0.50 annualized dividend and a yield of 3.88%. Mercer International’s payout ratio is currently 46.30%.
Several analysts have recently issued reports on MERC shares. BidaskClub downgraded Mercer International from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. ValuEngine upgraded Mercer International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $16.19.
In other Mercer International news, CEO David M. Gandossi sold 12,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $12.79, for a total transaction of $153,480.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eric Lauritzen sold 2,100 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $14.68, for a total value of $30,828.00. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 120,514 shares of company stock valued at $1,702,023 and sold 261,500 shares valued at $3,670,030. Corporate insiders own 4.90% of the company’s stock.
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Mercer International Company Profile
Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.
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