Mercator Acquisition (NASDAQ:MRCO – Get Free Report) released its earnings results on Friday. The company reported ($0.03) earnings per share for the quarter, FiscalAI reports.
Mercator Acquisition Stock Performance
MRCO traded up $0.03 on Friday, reaching $9.91. 246,647 shares of the stock were exchanged, compared to its average volume of 19,199. The firm’s 50-day moving average is $9.88. Mercator Acquisition has a fifty-two week low of $9.83 and a fifty-two week high of $10.03.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings started coverage on shares of Mercator Acquisition in a research note on Monday, November 9th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Mercator Acquisition presently has an average rating of “Sell”.
About Mercator Acquisition
Mercator Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies. Mercator Acquisition Corp. is based in NORWALK, CT.
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