Mercia Asset Management (LON:MERC) Trading Down 2.9% - Time to Sell?

Mercia Asset Management PLC (LON:MERC - Get Free Report) shares traded down 2.9% during trading on Thursday . The stock traded as low as GBX 29.40 ($0.39) and last traded at GBX 30.20 ($0.41). 218,020 shares were traded 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).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 64 ($0.86) target price on shares of Mercia Asset Management in a report on Wednesday, April 16th.

Mercia Asset Management Price Performance

The business's 50 day moving average is GBX 28.91 and its 200-day moving average is GBX 27.64. The firm has a market capitalization of £131.94 million, a P/E ratio of 0.31 and a beta of 1.20. The company has a quick ratio of 5.34, a current ratio of 4.41 and a debt-to-equity ratio of 0.37.

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.