Shares of Mercer International Inc. (NASDAQ:MERC) traded up 4.2% during trading on Friday . The company traded as high as $8.80 and last traded at $8.74, with a volume of 61,557 shares. The stock had previously closed at $8.39.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded Mercer International from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 28th. TheStreet downgraded Mercer International from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $15.00 price target on shares of Mercer International in a report on Sunday, June 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $12.13.

The firm has a market capitalization of $562.50 million and a P/E ratio of 11.23. The firm’s 50 day moving average is $8.22 and its 200 day moving average is $8.60.

Mercer International (NASDAQ:MERC) last posted 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. Analysts predict that Mercer International Inc. will post $0.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Monday, September 26th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Thursday, September 22nd.

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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