Mercia Asset Management (LON:MERC) Trading 1.7% Higher

Mercia Asset Management PLC (LON:MERC)’s share price rose 1.7% during trading on Tuesday . The stock traded as high as GBX 30 ($0.38) and last traded at GBX 30 ($0.38). Approximately 112,702 shares were traded during trading, a decline of 85% from the average daily volume of 731,070 shares. The stock had previously closed at GBX 29.50 ($0.37).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 64 ($0.81) target price on shares of Mercia Asset Management in a research report on Wednesday, April 10th.

Mercia Asset Management Stock Performance

The company has a 50-day moving average of GBX 32.75 and a 200 day moving average of GBX 31.49. The company has a quick ratio of 5.34, a current ratio of 3.54 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of £127.27 million, a PE ratio of -2,962.00 and a beta of 1.23.

About Mercia Asset Management

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.