Mercia Asset Management (LON:MERC) Shares Down 1.6% – What’s Next?

Mercia Asset Management PLC (LON:MERC)’s stock price fell 1.6% during trading on Thursday . The stock traded as low as GBX 29.62 ($0.39) and last traded at GBX 30 ($0.39). 1,413,263 shares changed hands during mid-day trading, an increase of 91% from the average session volume of 738,199 shares. The stock had previously closed at GBX 30.50 ($0.40).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 64 ($0.84) target price on shares of Mercia Asset Management in a research report on Thursday, September 26th.

Mercia Asset Management Stock Down 2.0 %

The company has a market cap of £128.96 million, a P/E ratio of -1,500.00 and a beta of 1.20. 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 business’s 50 day moving average price is GBX 33.67 and its 200-day moving average price is GBX 33.25.

Insider Activity at Mercia Asset Management

In related news, insider Martin James Glanfield purchased 119,223 shares of Mercia Asset Management stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average price of GBX 35 ($0.46) per share, for a total transaction of £41,728.05 ($54,489.49). Insiders own 27.11% of the company’s stock.

Mercia Asset Management Company Profile

Mercia Asset Management PLC is a private equity and venture capital firm specializing in incubation, seed EIS, early stage, emerging growth, mid venture, late stage and growth capital investments. It invests in technology focusing on sectors such as digital entertainment, consumer services, media, retailing, energy, healthcare, industrials, materials, real estate, telecommunication services, gaming, internet, software, electronics and hardware, advanced materials, transportation, biosciences, engineering and specialist manufacturing, and life sciences.