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

Shares of Mercia Asset Management PLC (LON:MERC) traded down 1.8% during trading on Tuesday . The company traded as low as GBX 27 and last traded at GBX 27. Approximately 120,497 shares were traded 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 reissued a “buy” rating and issued a GBX 67 price objective on shares of Mercia Asset Management in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 67.

Mercia Asset Management Stock 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 has a market capitalization of £113.67 million, a PE ratio of -13.50 and a beta of 0.76. The company has a 50 day moving average price of GBX 26.70 and a 200 day moving average price of GBX 27.93.

Mercia Asset Management (LON:MERC) last issued 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%. Equities analysts forecast that Mercia Asset Management PLC will post 0.9368771 EPS for the current year.

Insider Activity

In related news, insider Mark Andrew Payton bought 56,083 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of GBX 27 per share, for a total transaction of £15,142.41. Also, insider Martin James Glanfield purchased 104,132 shares of Mercia Asset Management stock in a transaction dated Thursday, August 20th. The shares were bought at an average cost of GBX 26 per share, for a total transaction of £27,074.32. Insiders bought a total of 225,892 shares of company stock valued at $5,994,952 in the last three months. Insiders own 18.61% of the company’s stock.

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.