Mercia Asset Management (LON:MERC) Issues Quarterly Earnings Results

Mercia Asset Management (LON:MERC) issued its quarterly earnings results on Tuesday. The company reported GBX (2) earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 3,414 million during the quarter. Mercia Asset Management had a net margin of 9.81% and a return on equity of 1.79%.

Mercia Asset Management Stock Performance

LON MERC opened at GBX 26.99 on Wednesday. The company has a fifty day moving average price of GBX 29.19 and a 200-day moving average price of GBX 28.61. The firm has a market cap of £114.27 million, a price-to-earnings ratio of 34.60 and a beta of 0.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.28 and a quick ratio of 5.34. Mercia Asset Management has a 1 year low of GBX 25.12 and a 1 year high of GBX 34.60.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 67 price objective on shares of Mercia Asset Management in a research report on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 67.

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.