Mercia Asset Management (LON:MERC) Shares Down 0.9% – Here’s Why

Mercia Asset Management PLC (LON:MERC) shares dropped 0.9% during mid-day trading on Friday . The stock traded as low as GBX 26 and last traded at GBX 26.50. 379,490 shares traded hands during trading, a decline of 40% from the average daily volume of 632,588 shares. The stock had previously closed at GBX 26.75.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 67 target price on shares of Mercia Asset Management in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 67.

Mercia Asset Management Price Performance

The company has a current ratio of 99.15, a quick ratio of 5.34 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average price is GBX 27.39 and its two-hundred day moving average price is GBX 28.15. The stock has a market cap of £111.76 million, a P/E ratio of -13.25 and a beta of 0.76.

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