Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $11.09 and last traded at $11.11, with a volume of 2534 shares changing hands. The stock had previously closed at $11.37.

MERC has been the topic of a number of recent research reports. BidaskClub cut shares of Mercer International from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 30th. Raymond James restated a “strong-buy” rating and set a $25.00 target price on shares of Mercer International in a research report on Friday, October 26th. TD Securities decreased their target price on shares of Mercer International from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Finally, ValuEngine lowered shares of Mercer International from a “hold” rating to a “sell” rating in a research report on Wednesday, November 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.67.

The company has a current ratio of 3.88, a quick ratio of 2.57 and a debt-to-equity ratio of 1.29. The stock has a market cap of $741.34 million, a PE ratio of 5.92 and a beta of 1.50.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last released its earnings results on Thursday, October 25th. The basic materials company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.11). Mercer International had a net margin of 9.06% and a return on equity of 22.34%. The business had revenue of $331.06 million for the quarter.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 13th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Wednesday, December 12th.

Institutional investors and hedge funds have recently modified their holdings of the company. United Services Automobile Association grew its holdings in Mercer International by 35.8% during the second quarter. United Services Automobile Association now owns 16,180 shares of the basic materials company’s stock worth $283,000 after acquiring an additional 4,266 shares during the period. Paloma Partners Management Co acquired a new stake in Mercer International during the 2nd quarter worth about $319,000. Janney Montgomery Scott LLC acquired a new stake in shares of Mercer International during the 3rd quarter valued at about $442,000. Marshall Wace LLP acquired a new stake in shares of Mercer International during the 3rd quarter valued at about $782,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Mercer International by 142.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 52,200 shares of the basic materials company’s stock valued at $877,000 after buying an additional 30,700 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

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About Mercer International (NASDAQ:MERC)

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood Kraft (NBSK) pulp in the United States, Europe, Asia, and internationally. The company operates in two segments, Pulp and Wood Products. It produces NBSK pulp primarily from wood chips and pulp logs; carbon neutral or green energy using carbon-neutral bio-fuels, such as black liquor and wood waste; and tall oil for use as a chemical additive and green energy source.

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