Mercia Asset Management (LON:MERC) Trading 1.9% Higher - Time to Buy?

Key Points

• Shares were up 1.9%, trading at GBX 28.80 (intraday high GBX 29) on Tuesday with 231,467 shares changing hands, a 73% drop from the average session volume.
• The company has a market cap of £122.43m and a P/E of 36.92, with strong liquidity (quick ratio 5.34, current ratio 3.28) and moderate leverage (debt-to-equity 0.62).
• Mercia is a regionally focused private capital asset manager with approximately £2.0 billion of assets under management across venture capital, private debt, private equity and property development finance.

Shares of Mercia Asset Management PLC (LON:MERC - ) traded up 1.9% during trading on Tuesday . The company traded as high as GBX 29 and last traded at GBX 28.80. 231,467 shares were traded during trading, a decline of 73% from the average session volume of 846,225 shares. The stock had previously closed at GBX 28.25.

Mercia Asset Management Trading Up 1.9%

The firm has a market capitalization of £122.43 million, a PE ratio of 36.92 and a beta of 0.75. The company has a quick ratio of 5.34, a current ratio of 3.28 and a debt-to-equity ratio of 0.62. The stock's fifty day simple moving average is GBX 28.20 and its 200 day simple moving average is GBX 28.97.

Mercia Asset Management Company Profile

Mercia is a regionally focused private capital asset manager with c.£2.0billion of AuM, investing across venture capital, private debt, private equity and property development finance. Our purpose is to deliver long-term value for investors while supporting the growth and resilience of the UK economy.

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