Mercia Asset Management (LON:MERC) Trading Down 0.7% – What’s Next?

Mercia Asset Management PLC (LON:MERC) was down 0.7% during mid-day trading on Tuesday . The company traded as low as GBX 28 and last traded at GBX 28.30. Approximately 107,314 shares changed 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 Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 67 price objective on shares of Mercia Asset Management in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Mercia Asset Management has a consensus rating of “Buy” and an average price target of GBX 67.

Mercia Asset Management Stock Performance

The stock has a market cap of £120.67 million, a price-to-earnings ratio of 36.28 and a beta of 1.20. The company’s fifty day simple moving average is GBX 28.54 and its two-hundred day simple moving average is GBX 30.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.41 and a quick ratio of 5.34.

Mercia Asset Management (LON:MERC) last posted its quarterly earnings data 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%. On average, analysts forecast that Mercia Asset Management PLC will post 0.9368771 earnings per share for the current 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.