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

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 19th. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research note on Wednesday, August 3rd. They noted that the move was a valuation call. Jefferies Group reiterated a “hold” rating and set a $27.00 price target (up from $22.00) on shares of Mercury Systems in a research note on Thursday, August 4th. Drexel Hamilton initiated coverage on shares of Mercury Systems in a research note on Thursday. They set a “buy” rating on the stock. Finally, Citigroup Inc. initiated 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.00.

The company’s 50-day moving average price is $24.60 and its 200-day moving average price is $21.33. The firm has a market cap of $918.19 million and a P/E ratio of 40.62.

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

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