Merit Group (LON:MRIT) Shares Down 0.8% – Here’s Why

Merit Group plc (LON:MRIT) traded down 0.8% during mid-day trading on Thursday . The company traded as low as GBX 64 ($0.84) and last traded at GBX 64 ($0.84). 100 shares traded hands during trading, a decline of 99% from the average session volume of 17,636 shares. The stock had previously closed at GBX 64.50 ($0.84).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 120 ($1.57) target price on shares of Merit Group in a research note on Thursday, July 18th.

Merit Group Stock Down 0.8 %

The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 14.17. The stock has a market cap of £15.33 million, a P/E ratio of 3,200.00 and a beta of 0.18. The firm has a 50-day simple moving average of GBX 68.76 and a two-hundred day simple moving average of GBX 69.38.

About Merit Group

Merit Group plc gathers, organizes, and enriches data that informs b2b intelligence brands in the United Kingdom, Belgium, the United States, France, Germany, and internationally. It operates in two segments, Merit Data & Technology and Dods. The company offers data, data engineering, and machine learning, as well as software and technology resourcing services.