Mercia Asset Management (LON:MERC) Stock Price Down 1.6% – Should You Sell?

Mercia Asset Management PLC (LON:MERC)’s share price fell 1.6% during mid-day trading on Wednesday . The company traded as low as GBX 27 ($0.34) and last traded at GBX 27.06 ($0.34). 108,110 shares changed hands during trading, a decline of 79% from the average session volume of 512,601 shares. The stock had previously closed at GBX 27.50 ($0.34).

Mercia Asset Management Stock Down 1.6 %

The company has a current ratio of 4.41, a quick ratio of 5.34 and a debt-to-equity ratio of 0.37. The company has a market cap of £116.71 million, a P/E ratio of -1,353.00 and a beta of 1.20. The firm’s 50 day moving average price is GBX 29.10 and its 200-day moving average price is GBX 31.56.

Mercia Asset Management (LON:MERC) last released its earnings results on Tuesday, November 26th. The company reported GBX 0.41 ($0.01) EPS for the quarter. Mercia Asset Management had a negative net margin of 24.92% and a negative return on equity of 3.87%. As a group, equities research analysts expect that Mercia Asset Management PLC will post 0.9368771 EPS for the current year.

Mercia Asset Management Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a GBX 0.37 ($0.00) dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 1.2%. Mercia Asset Management’s dividend payout ratio is -5,000.00%.

Mercia Asset Management Company Profile

Mercia is a proactive, specialist asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of balance sheet, venture, private equity and debt capital; the Group’s ‘Complete Capital Solution’. The Group initially nurtures businesses via its third-party funds under management then, over time, Mercia can provide further funding to the most promising companies by deploying direct investment follow-on capital from its own balance sheet.