Mercia Asset Management (LON:MERC) Hits New 12-Month High – Time to Buy?

Mercia Asset Management PLC (LON:MERC)’s share price hit a new 52-week high during trading on Tuesday. The company traded as high as GBX 32 and last traded at GBX 30.50, with a volume of 573,220 shares traded. The stock had previously closed at GBX 30.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 67 target price on shares of Mercia Asset Management in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 67.

Mercia Asset Management Price Performance

The company has a quick ratio of 5.34, a current ratio of 99.15 and a debt-to-equity ratio of 0.54. The stock has a market cap of £128.19 million, a PE ratio of -15.25 and a beta of 0.80. The firm has a fifty day moving average of GBX 27.35 and a 200 day moving average of GBX 27.93.

Insider Transactions at Mercia Asset Management

In other Mercia Asset Management news, insider Martin James Glanfield acquired 104,132 shares of the stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of GBX 26 per share, with a total value of £27,074.32. Also, insider Mark Andrew Payton acquired 56,083 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was acquired at an average price of GBX 27 per share, for a total transaction of £15,142.41. Insiders have acquired a total of 225,892 shares of company stock valued at $5,994,952 over the last ninety days. 18.62% of the stock is owned by company 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.