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

Mercia Asset Management PLC (LON:MERC - Get Free Report) fell 0.4% during trading on Wednesday . The stock traded as low as GBX 29.02 ($0.39) and last traded at GBX 29.10 ($0.39). 310,147 shares changed hands during trading, a decline of 53% from the average session volume of 655,713 shares. The stock had previously closed at GBX 29.20 ($0.39).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 64 ($0.85) price target on shares of Mercia Asset Management in a research note on Wednesday, April 16th.

Mercia Asset Management Stock Performance

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 firm has a market capitalization of £123.80 million, a PE ratio of 0.29 and a beta of 1.20. The company's fifty day simple moving average is GBX 26.50 and its 200 day simple moving average is 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.