Mercia Asset Management (LON:MERC) Stock Price Down 0.3% – Here’s Why

Shares of Mercia Asset Management PLC (LON:MERC) traded down 0.3% during mid-day trading on Tuesday . The stock traded as low as GBX 26 and last traded at GBX 26.43. Approximately 19,089 shares changed hands during trading, a decline of 97% from the average daily volume of 643,733 shares. The stock had previously closed at GBX 26.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 67 target price on shares of Mercia Asset Management in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 67.

Mercia Asset Management Price Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.34 and a current ratio of 99.15. The company’s fifty day moving average price is GBX 28.21 and its 200 day moving average price is GBX 28.27. The firm has a market capitalization of £111.95 million, a price-to-earnings ratio of -13.25 and a beta of 0.77.

Mercia Asset Management (LON:MERC) last announced its quarterly earnings results on Tuesday, June 30th. The company reported GBX (2) earnings per share for the quarter. Mercia Asset Management had a negative return on equity of 4.78% and a negative net margin of 25.23%. Equities research analysts expect that Mercia Asset Management PLC will post 0.9368771 earnings per share 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.