Mercia Asset Management (LON:MERC) Trading Down 0.1% – Here’s Why

Mercia Asset Management PLC (LON:MERC)’s stock price traded down 0.1% during mid-day trading on Thursday . The stock traded as low as GBX 29 and last traded at GBX 29.48. 1,291,938 shares changed hands during mid-day trading, an increase of 73% from the average session volume of 746,261 shares. The stock had previously closed at GBX 29.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 67 price objective on shares of Mercia Asset Management in a research report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Mercia Asset Management has a consensus rating of “Buy” and a consensus target price of GBX 67.

Mercia Asset Management Stock Performance

The company has a market capitalization of £125.04 million, a PE ratio of 37.79 and a beta of 0.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 5.34 and a current ratio of 3.28. The company has a 50 day moving average price of GBX 28.69 and a 200 day moving average price of GBX 28.75.

Mercia Asset Management Company Profile

Mercia is a regionally focused private capital asset manager with c.£2.0billion of AuM, investing across venture capital, private debt, private equity and property development finance. Our purpose is to deliver long-term value for investors while supporting the growth and resilience of the UK economy.