Mercia Asset Management (LON:MERC) Sets New 12-Month High – Here’s Why

Shares of Mercia Asset Management PLC (LON:MERC) reached a new 52-week high during mid-day trading on Tuesday. The stock 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 Analyst Weigh In

Separately, Canaccord Genuity Group reissued 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 research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Mercia Asset Management presently has a consensus rating of “Buy” and an average price target of GBX 67.

Mercia Asset Management Stock Performance

The stock has a market capitalization of £130.29 million, a PE ratio of -15.50 and a beta of 0.80. The firm’s fifty day moving average is GBX 27.50 and its 200-day moving average is GBX 27.98. The company has a current ratio of 99.15, a quick ratio of 5.34 and a debt-to-equity ratio of 0.54.

Insider Activity

In related news, insider Mark Andrew Payton bought 65,677 shares of the stock in a transaction on Thursday, August 20th. The stock was bought at an average price of GBX 27 per share, with a total value of £17,732.79. Also, insider Martin James Glanfield purchased 104,132 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were bought at an average price of GBX 26 per share, with a total value of £27,074.32. In the last ninety days, insiders have acquired 225,892 shares of company stock valued at $5,994,952. 18.62% of the stock is currently owned by insiders.

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.