Mercia Asset Management’s (MERC) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Mercia Asset Management (LON:MERC) in a research report released on Wednesday, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 64 ($0.81) price objective on the stock.

Mercia Asset Management Stock Performance

Shares of MERC stock opened at GBX 35.50 ($0.45) on Wednesday. Mercia Asset Management has a 12-month low of GBX 21 ($0.27) and a 12-month high of GBX 36 ($0.46). The company has a quick ratio of 5.34, a current ratio of 3.54 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average of GBX 31.32 and a 200-day moving average of GBX 28.51. The firm has a market cap of £154.40 million, a P/E ratio of -3,550.00 and a beta of 1.25.

Insider Buying and Selling at Mercia Asset Management

In related news, insider Raymond Kenneth Chamberlain sold 1,563,813 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of GBX 32 ($0.41), for a total transaction of £500,420.16 ($633,363.07). Insiders own 30.30% of the company’s stock.

Mercia Asset Management Company Profile

Mercia Asset Management PLC is a private equity and venture capital firm specializing in incubation, seed EIS, early stage, emerging growth, mid venture, late stage and growth capital investments. It invests in technology focusing on sectors such as digital entertainment, consumer services, media, retailing, energy, healthcare, industrials, materials, real estate, telecommunication services, gaming, internet, software, electronics and hardware, advanced materials, transportation, biosciences, engineering and specialist manufacturing, and life sciences.