Merit Group (LON:MRIT) Hits New 52-Week Low – Time to Sell?

Merit Group plc (LON:MRIT) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 35 ($0.46) and last traded at GBX 36 ($0.47), with a volume of 90561 shares. The stock had previously closed at GBX 60.50 ($0.79).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 120 ($1.57) price objective on shares of Merit Group in a report on Thursday, July 18th.

Merit Group Stock Down 40.5 %

The company has a debt-to-equity ratio of 14.17, a current ratio of 0.57 and a quick ratio of 0.48. The business has a fifty day simple moving average of GBX 67.32 and a 200 day simple moving average of GBX 69.86. The firm has a market cap of £8.63 million, a price-to-earnings ratio of 3,025.00 and a beta of 0.18.

Merit Group Company Profile

Merit Group plc gathers, organizes, and enriches data that informs b2b intelligence brands in the United Kingdom, Belgium, the United States, France, Germany, and internationally. It operates in two segments, Merit Data & Technology and Dods. The company offers data, data engineering, and machine learning, as well as software and technology resourcing services.