Mercia Asset Management (LON:MERC) Trading Down 0.7% – Should You Sell?

Mercia Asset Management PLC (LON:MERC)’s share price was down 0.7% during trading on Tuesday . The stock traded as low as GBX 27 and last traded at GBX 27. Approximately 540,842 shares traded hands during mid-day trading, a decline of 2% from the average daily volume of 553,075 shares. The stock had previously closed at GBX 27.20.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 67 price objective on shares of Mercia Asset Management in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Mercia Asset Management presently 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 £115.63 million, a P/E ratio of 34.62 and a beta of 1.20. The business has a 50 day moving average of GBX 29.29 and a 200 day moving average of GBX 30.86. The company has a quick ratio of 5.34, a current ratio of 4.41 and a debt-to-equity ratio of 0.37.

Mercia Asset Management (LON:MERC) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 0.39 earnings per share (EPS) for the quarter. Mercia Asset Management had a return on equity of 223.48% and a net margin of 1,438.02%. On average, sell-side analysts predict that Mercia Asset Management PLC will post 0.9368771 earnings per share for the current 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.