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

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 67 price target on shares of Mercia Asset Management in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 67.

Mercia Asset Management Trading Down 0.9%

The firm has a market cap of £111.76 million, a PE ratio of -13.25 and a beta of 0.76. The company has a 50-day simple moving average of GBX 27.39 and a 200 day simple moving average of GBX 28.15. The company has a current ratio of 99.15, a quick ratio of 5.34 and a debt-to-equity ratio of 0.54.

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