Mercia Asset Management (LON:MERC) Shares Down 1.5% - Should You Sell?

Key Points

• Mercia Asset Management PLC shares experienced a decline of 1.5%, trading at GBX 32.02, with a significant drop in volume at 284,242 shares compared to the average of 577,007.
• Analysts from Canaccord Genuity Group upgraded the company's target price from GBX 64 to GBX 67, maintaining a "buy" rating with an average price target of GBX 65.50.
• Insider trading activity includes the purchase of 348,164 shares worth over $11 million by company insiders, indicating strong confidence in the stock's future performance.

Mercia Asset Management PLC (LON:MERC - Get Free Report) traded down 1.5% during mid-day trading on Tuesday . The company traded as low as GBX 32 ($0.43) and last traded at GBX 32.02 ($0.43). 284,242 shares were traded during mid-day trading, a decline of 51% from the average session volume of 577,007 shares. The stock had previously closed at GBX 32.50 ($0.44).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their target price on shares of Mercia Asset Management from GBX 64 to GBX 67 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Mercia Asset Management currently has an average rating of "Buy" and an average price target of GBX 65.50.

Mercia Asset Management Stock Performance

The company has a market cap of £140.80 million, a P/E ratio of 0.33 and a beta of 1.20. The firm has a 50 day moving average price of GBX 32.03 and a 200-day moving average price of GBX 28.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41.

Mercia Asset Management (LON:MERC - Get Free Report) last posted its earnings results on Tuesday, July 1st. The company reported GBX 0.80 earnings per share (EPS) for the quarter. Mercia Asset Management had a net margin of 1,438.02% and a return on equity of 223.48%. On average, research analysts predict that Mercia Asset Management PLC will post 0.9368771 EPS for the current year.

Insiders Place Their Bets

In other Mercia Asset Management news, insider Mark Andrew Payton purchased 90,849 shares of the company's stock in a transaction on Monday, July 28th. The shares were bought at an average cost of GBX 32 per share, with a total value of £29,071.68. Also, insider Martin James Glanfield purchased 157,475 shares of the company's stock in a transaction on Monday, July 28th. The stock was acquired at an average cost of GBX 33 per share, for a total transaction of £51,966.75. Insiders purchased a total of 348,164 shares of company stock worth $11,353,141 over the last quarter. 27.11% of the stock is currently owned by company insiders.

Mercia Asset Management Company Profile

Mercia is a private capital asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of venture, debt, private equity and proprietary capital: the Group's 'Complete Connected Capital'. The Group has a strong UK footprint through its 11 regional offices, extensive local adviser and personal networks, and university partnerships, providing it with access to high-quality deal flow. Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".

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