Mercia Asset Management (LON:MERC) Shares Down 7.3% – Here’s What Happened

Mercia Asset Management PLC (LON:MERC) shares traded down 7.3% on Tuesday . The company traded as low as GBX 27.82 and last traded at GBX 27.82. 322,136 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 579,638 shares. The stock had previously closed at GBX 30.

Wall Street Analysts Forecast Growth

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

Mercia Asset Management Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 3.28 and a quick ratio of 5.34. The business has a 50-day moving average of GBX 28.26 and a 200-day moving average of GBX 29.92. The company has a market capitalization of £123.65 million, a P/E ratio of 37.18 and a beta of 1.20.

Mercia Asset Management (LON:MERC) last announced its earnings results on Tuesday, December 2nd. The company reported GBX 0.39 earnings per share for the quarter. Mercia Asset Management had a net margin of 9.81% and a return on equity of 1.79%. On average, sell-side analysts anticipate 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.