Mercia Asset Management (LON:MERC) Trading Down 1.5% - Here's Why

Mercia Asset Management PLC (LON:MERC - Get Free Report) shares were down 1.5% on Tuesday . The stock traded as low as GBX 32.50 ($0.44) and last traded at GBX 32.50 ($0.44). Approximately 121,527 shares traded hands during trading, a decline of 80% from the average daily volume of 601,564 shares. The stock had previously closed at GBX 33 ($0.44).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their price target on shares of Mercia Asset Management from GBX 64 ($0.86) to GBX 67 ($0.90) and gave the company a "buy" rating in a research report on Tuesday, July 1st.

Mercia Asset Management Stock Down 0.3%

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 firm has a market cap of £142.49 million, a PE ratio of 0.33 and a beta of 1.20. The company's 50-day simple moving average is GBX 30.58 and its two-hundred day simple moving average is GBX 28.16.

Mercia Asset Management (LON:MERC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 1st. The company reported GBX 0.80 ($0.01) 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, analysts predict that Mercia Asset Management PLC will post 0.9368771 earnings per share for the current fiscal year.

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".