Mercia Asset Management (LON:MERC) Stock Price Down 0.4% - Here's What Happened

Mercia Asset Management PLC (LON:MERC - Get Free Report)'s stock price dropped 0.4% on Wednesday . The company traded as low as GBX 29.02 ($0.38) and last traded at GBX 29.10 ($0.38). Approximately 310,147 shares traded hands during trading, a decline of 53% from the average daily volume of 655,713 shares. The stock had previously closed at GBX 29.20 ($0.38).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 64 ($0.84) target price on shares of Mercia Asset Management in a research report on Wednesday, April 16th.

Mercia Asset Management Trading Up 2.3%

The stock has a market cap of £129.08 million, a price-to-earnings ratio of 0.30 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41. The company has a 50 day moving average of GBX 26.56 and a 200-day moving average of GBX 27.98.

Mercia Asset Management Company Profile

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.