Mercia Asset Management (LON:MERC) Trading Down 0.1% – Here’s Why

Mercia Asset Management PLC (LON:MERC) shares were down 0.1% during mid-day trading on Thursday . The company traded as low as GBX 29 and last traded at GBX 29.48. Approximately 1,291,938 shares were traded during trading, an increase of 73% from the average daily volume of 746,261 shares. The stock had previously closed at GBX 29.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 67 target price on shares of Mercia Asset Management in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 67.

Mercia Asset Management Price Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 3.28 and a quick ratio of 5.34. The company’s 50-day simple moving average is GBX 28.69 and its 200-day simple moving average is GBX 28.75. The company has a market cap of £125.04 million, a price-to-earnings ratio of 37.79 and a beta of 0.74.

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.