Mercia Asset Management PLC to Issue Dividend of GBX 0.37 (LON:MERC)

Mercia Asset Management PLC (LON:MERC) declared a dividend on Tuesday, November 26th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, December 5th will be given a dividend of GBX 0.37 ($0.00) per share on Wednesday, January 8th. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, December 5th. The official announcement can be viewed at this link.

Mercia Asset Management Price Performance

LON MERC opened at GBX 31 ($0.39) on Tuesday. Mercia Asset Management has a fifty-two week low of GBX 25.50 ($0.32) and a fifty-two week high of GBX 37 ($0.46). The stock’s 50-day moving average is GBX 31.13 and its two-hundred day moving average is GBX 32.51. The firm has a market cap of £133.70 million, a P/E ratio of -1,562.50 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.41 and a quick ratio of 5.34.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 64 ($0.80) price objective on shares of Mercia Asset Management in a research note on Thursday, September 26th.

Mercia Asset Management Company Profile

Mercia Asset Management PLC is a private equity and venture capital firm specializing in incubation, seed EIS, early stage, emerging growth, mid venture, late stage and growth capital investments. It invests in technology focusing on sectors such as digital entertainment, consumer services, media, retailing, energy, healthcare, industrials, materials, real estate, telecommunication services, gaming, internet, software, electronics and hardware, advanced materials, transportation, biosciences, engineering and specialist manufacturing, and life sciences.