Mercia Asset Management (LON:MERC) Shares Down 0.7% – Here’s What Happened

Mercia Asset Management PLC (LON:MERC)’s stock price dropped 0.7% during trading on Tuesday . The company traded as low as GBX 28 and last traded at GBX 28.30. Approximately 107,314 shares traded hands during trading, a decline of 86% from the average daily volume of 790,842 shares. The stock had previously closed at GBX 28.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 67 price target on shares of Mercia Asset Management in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Mercia Asset Management has a consensus rating of “Buy” and a consensus target price of GBX 67.

Mercia Asset Management Price Performance

The stock has a 50-day simple moving average of GBX 28.54 and a 200 day simple moving average of GBX 30.29. The company has a market cap of £120.67 million, a PE ratio of 36.28 and a beta of 1.20. The company has a quick ratio of 5.34, a current ratio of 4.41 and a debt-to-equity ratio of 0.37.

Mercia Asset Management (LON:MERC) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 0.39 EPS for the quarter. Mercia Asset Management had a net margin of 1,438.02% and a return on equity of 223.48%. Equities analysts expect that Mercia Asset Management PLC will post 0.9368771 EPS for the current year.

Mercia Asset Management Company Profile

Mercia is a regionally focused private capital asset manager with c.£2.0billion of AuM, investing across venture capital, private debt, private equity and property development finance. Our purpose is to deliver long-term value for investors while supporting the growth and resilience of the UK economy.