Mercia Asset Management (LON:MERC) Trading Down 0.3% – Should You Sell?

Shares of Mercia Asset Management PLC (LON:MERC) were down 0.3% on Monday . The company traded as low as GBX 29 and last traded at GBX 29.42. Approximately 184,467 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 498,574 shares. The stock had previously closed at GBX 29.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 67 target price 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, Based on data from MarketBeat, Mercia Asset Management has an average rating of “Buy” and an average target price of GBX 67.

Mercia Asset Management Stock Performance

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 firm’s fifty day moving average is GBX 29.65 and its 200 day moving average is GBX 31.18. The company has a market cap of £121.51 million, a PE ratio of 37.31 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 EPS for the quarter. Mercia Asset Management had a return on equity of 223.48% and a net margin of 1,438.02%. As a group, research analysts predict that Mercia Asset Management PLC will post 0.9368771 EPS for the current fiscal year.

About Mercia Asset Management

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.