Shares of Mercury Systems Inc. (NASDAQ:MRCY) traded down 3% during mid-day trading on Friday . The company traded as low as $22.93 and last traded at $23.02, with a volume of 91,449 shares traded. The stock had previously closed at $23.74.

A number of equities analysts have weighed in on MRCY shares. Drexel Hamilton began coverage on shares of Mercury Systems in a research note on Thursday. They set a “buy” rating on the stock. Citigroup Inc. began coverage on shares of Mercury Systems in a research note on Friday, June 10th. They set a “buy” rating and a $27.00 price target on the stock. Sterne Agee CRT reaffirmed a “buy” rating on shares of Mercury Systems in a research note on Monday, May 16th. Zacks Investment Research downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 30th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $27.00 price target (up previously from $22.00) on shares of Mercury Systems in a research note on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $27.00.

The firm has a 50-day moving average of $24.67 and a 200-day moving average of $21.29. The stock has a market cap of $918.19 million and a price-to-earnings ratio of 40.62.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.15. During the same period in the prior year, the company earned $0.18 EPS. The company had revenue of $85.40 million for the quarter, compared to the consensus estimate of $69.51 million. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Mercury Systems Inc. will post $0.67 EPS for the current year.

A hedge fund recently bought a new stake in Mercury Systems stock. Marshall Wace LLP purchased a new stake in Mercury Systems Inc. (NASDAQ:MRCY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 105,919 shares of the company’s stock, valued at approximately $1,945,000. Marshall Wace LLP owned approximately 0.30% of Mercury Systems as of its most recent SEC filing.

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