Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $48.00, for a total value of $168,000.00. Following the completion of the transaction, the chief operating officer now directly owns 355,440 shares in the company, valued at approximately $17,061,120. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Mercury Systems Inc (NASDAQ:MRCY) traded up $0.76 on Friday, hitting $48.37. The stock had a trading volume of 765,354 shares, compared to its average volume of 246,293. Mercury Systems Inc has a fifty-two week low of $36.09 and a fifty-two week high of $55.00. The company has a market cap of $2,333.51, a P/E ratio of 49.87, a price-to-earnings-growth ratio of 3.88 and a beta of 0.40.
Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Mercury Systems had a return on equity of 6.32% and a net margin of 9.61%. The firm had revenue of $117.90 million for the quarter, compared to the consensus estimate of $114.89 million. During the same period in the previous year, the company posted $0.30 EPS. Mercury Systems’s quarterly revenue was up 20.3% compared to the same quarter last year. equities analysts anticipate that Mercury Systems Inc will post 1.09 earnings per share for the current fiscal year.
Several equities analysts have commented on MRCY shares. Zacks Investment Research raised Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective on the stock in a research report on Wednesday, December 27th. Bank of America cut their price objective on Mercury Systems from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. SunTrust Banks reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Mercury Systems in a research report on Tuesday, January 9th. BidaskClub downgraded Mercury Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, January 19th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $55.83.
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About Mercury Systems
Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.
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