Mercia Asset Management (LON:MERC) Trading Down 7.3% – What’s Next?

Mercia Asset Management PLC (LON:MERCGet Free Report)’s stock price traded down 7.3% during trading on Tuesday . The stock traded as low as GBX 27.82 and last traded at GBX 27.82. 322,136 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 579,638 shares. The stock had previously closed at GBX 30.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 67 price target on shares of Mercia Asset Management in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 67.

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Mercia Asset Management Price Performance

The stock has a market cap of £118.60 million, a P/E ratio of 35.66 and a beta of 1.20. The company has a current ratio of 3.28, a quick ratio of 5.34 and a debt-to-equity ratio of 0.62. The business has a 50-day simple moving average of GBX 28.29 and a 200 day simple moving average of GBX 29.93.

Mercia Asset Management (LON:MERCGet Free Report) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 0.39 EPS for the quarter. Mercia Asset Management had a net margin of 9.81% and a return on equity of 1.79%. On average, analysts forecast that Mercia Asset Management PLC will post 0.9368771 earnings per share for the current year.

About Mercia Asset Management

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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.

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