Mercia Asset Management (LON:MERC) Trading Down 2.9% - What's Next?

Shares of Mercia Asset Management PLC (LON:MERC - Get Free Report) fell 2.9% during mid-day trading on Thursday . The company traded as low as GBX 29.40 ($0.40) and last traded at GBX 30.20 ($0.41). 218,020 shares changed hands during trading, a decline of 62% from the average session volume of 578,653 shares. The stock had previously closed at GBX 31.10 ($0.42).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 64 ($0.86) price objective on shares of Mercia Asset Management in a research note on Wednesday, April 16th.

Mercia Asset Management Stock Down 2.9%

The company has a market capitalization of £132.81 million, a PE ratio of 0.31 and a beta of 1.20. The company's fifty day moving average is GBX 28.77 and its 200-day moving average is GBX 27.68. 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 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.

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