Merit Group (LON:MRIT) Hits New 1-Year Low – Time to Sell?

Merit Group plc (LON:MRIT)’s stock price hit a new 52-week low on Wednesday . The company traded as low as GBX 35 ($0.45) and last traded at GBX 38.25 ($0.50), with a volume of 16600 shares traded. The stock had previously closed at GBX 38.50 ($0.50).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 120 ($1.56) target price on shares of Merit Group in a report on Thursday, July 18th.

Merit Group Stock Performance

The business’s 50-day moving average price is GBX 60.96 and its 200-day moving average price is GBX 69.13. The stock has a market cap of £9.10 million, a P/E ratio of 1,950.00 and a beta of 0.18. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.48 and a current ratio of 0.57.

Merit Group Company Profile

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.