Mercia Asset Management (LON:MERC) Releases Earnings Results

Mercia Asset Management (LON:MERC) issued its quarterly earnings data on Tuesday. The company reported GBX (2) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Mercia Asset Management had a negative return on equity of 4.78% and a negative net margin of 25.23%.

Mercia Asset Management Stock Performance

Shares of LON MERC remained flat at GBX 26.50 during midday trading on Friday. 88,113 shares of the stock were exchanged, compared to its average volume of 674,933. The stock has a market capitalization of £112.20 million, a P/E ratio of 33.97 and a beta of 0.75. Mercia Asset Management has a 1-year low of GBX 25.12 and a 1-year high of GBX 34. The company has a debt-to-equity ratio of 0.54, a current ratio of 99.15 and a quick ratio of 5.34. The stock’s 50-day simple moving average is GBX 29.02 and its 200 day simple moving average is GBX 28.55.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 67 price target on shares of Mercia Asset Management in a research report on Tuesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 67.

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.