Mercer International Inc. (MERC) Sees Unusually-High Trading Volume
Mercer International Inc. (NASDAQ:MERC) saw an uptick in trading volume on Monday . 275,827 shares changed hands during mid-day trading, an increase of 46% from the previous session’s volume of 188,974 shares.The stock last traded at $8.22 and had previously closed at $8.17.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Mercer International from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. TheStreet upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a research note on Tuesday, April 12th. Standpoint Research assumed coverage on shares of Mercer International in a research note on Tuesday, April 26th. They issued a “buy” rating and a $12.00 target price for the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $13.75 target price on shares of Mercer International in a research note on Sunday, May 1st. Finally, TD Securities cut shares of Mercer International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $10.50 to $10.00 in a research note on Friday, April 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $12.96.
The company’s 50 day moving average is $8.49 and its 200 day moving average is $8.50. The firm has a market capitalization of $533.09 million and a price-to-earnings ratio of 7.53.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Monday, June 27th were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Thursday, June 23rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.58%.
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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