Mercia Asset Management (LON:MERC - Get Free Report) posted its earnings results on Tuesday. The company reported GBX 0.80 ($0.01) earnings per share for the quarter, Digital Look Earnings reports. Mercia Asset Management had a return on equity of 223.48% and a net margin of 1,438.02%.
Mercia Asset Management Stock Performance
Shares of MERC traded up GBX 0.30 ($0.00) during midday trading on Thursday, reaching GBX 33.30 ($0.45). 530,979 shares of the stock were exchanged, compared to its average volume of 561,391. Mercia Asset Management has a twelve month low of GBX 22 ($0.30) and a twelve month high of GBX 37 ($0.51). The company has a debt-to-equity ratio of 0.37, a current ratio of 4.41 and a quick ratio of 5.34. The company has a market capitalization of £146.45 million, a price-to-earnings ratio of 0.34 and a beta of 1.20. The business's 50-day moving average price is GBX 29.32 and its 200 day moving average price is GBX 27.73.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group boosted their price objective on shares of Mercia Asset Management from GBX 64 ($0.87) to GBX 67 ($0.91) and gave the stock a "buy" rating in a research report on Tuesday.
Check Out Our Latest Stock Analysis on MERC
Mercia Asset Management Company Profile
(
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Mercia is a proactive, specialist asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of balance sheet, venture, private equity and debt capital; the Group's 'Complete Capital Solution'. The Group initially nurtures businesses via its third-party funds under management then, over time, Mercia can provide further funding to the most promising companies by deploying direct investment follow-on capital from its own balance sheet.
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