Mercia Asset Management (LON:MERC) Shares Down 0.9% – Here’s Why

Mercia Asset Management PLC (LON:MERC) dropped 0.9% on Friday . The stock traded as low as GBX 26 and last traded at GBX 26.50. 379,490 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 632,588 shares. The stock had previously closed at GBX 26.75.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 67 price objective on shares of Mercia Asset Management in a report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 67.

Mercia Asset Management Price Performance

The stock has a 50 day moving average of GBX 27.39 and a 200-day moving average of GBX 28.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.34 and a current ratio of 99.15. The company has a market cap of £111.76 million, a PE ratio of -13.25 and a beta of 0.76.

Mercia Asset Management (LON:MERC) last posted its quarterly earnings results on Tuesday, June 30th. The company reported GBX (2) earnings per share for the quarter. Mercia Asset Management had a negative net margin of 25.23% and a negative return on equity of 4.78%. Equities analysts predict that Mercia Asset Management PLC will post 0.9368771 earnings per share for the current year.

About Mercia Asset Management

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.