Mercer International Inc. (MERC) Trading Down 1.5%
Mercer International Inc. (NASDAQ:MERC) dropped 1.5% during trading on Monday . The company traded as low as $8.25 and last traded at $8.26, with a volume of 113,407 shares changing hands. The stock had previously closed at $8.39.
MERC has been the subject of a number of recent analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Mercer International in a research report on Sunday, June 5th. TheStreet downgraded Mercer International from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Finally, Zacks Investment Research downgraded Mercer International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $12.13.
The company has a 50-day moving average price of $8.23 and a 200 day moving average price of $8.60. The company has a market cap of $534.05 million and a P/E ratio of 10.66.
Mercer International (NASDAQ:MERC) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.12. On average, equities analysts expect that Mercer International Inc. will post $0.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Monday, September 26th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.57%.
Mercer International Inc is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source.
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