Mercia Asset Management (LON:MERC) Stock Price Down 1.8% – Here’s Why

Mercia Asset Management PLC (LON:MERC) fell 1.8% on Tuesday . The company traded as low as GBX 27 and last traded at GBX 27. 120,497 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 601,346 shares. The stock had previously closed at GBX 27.50.

Analyst Upgrades and Downgrades

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

Mercia Asset Management Stock Performance

The company has a market capitalization of £113.67 million, a price-to-earnings ratio of -13.50 and a beta of 0.76. The stock has a 50 day simple moving average of GBX 26.70 and a 200 day simple moving average of GBX 27.93. The company has a quick ratio of 5.34, a current ratio of 99.15 and a debt-to-equity ratio of 0.54.

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%. As a group, analysts anticipate that Mercia Asset Management PLC will post 0.9368771 earnings per share for the current fiscal year.

Insider Buying and Selling at Mercia Asset Management

In other news, insider Martin James Glanfield acquired 104,132 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average cost of GBX 26 per share, for a total transaction of £27,074.32. Also, insider Mark Andrew Payton bought 56,083 shares of Mercia Asset Management stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of GBX 27 per share, with a total value of £15,142.41. Insiders acquired 225,892 shares of company stock worth $5,994,952 over the last ninety days. 18.61% of the stock is owned by corporate insiders.

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.