Mercia Asset Management (LON:MERC) Posts Earnings Results

Mercia Asset Management (LON:MERC) released its quarterly earnings results on Tuesday. The company reported GBX (2) EPS for the quarter, Digital Look Earnings reports. Mercia Asset Management had a negative net margin of 25.23% and a negative return on equity of 4.78%.

Mercia Asset Management Stock Performance

MERC opened at GBX 26.55 on Friday. The stock has a market cap of £112.40 million, a PE ratio of 34.04 and a beta of 0.75. The company has a current ratio of 99.15, a quick ratio of 5.34 and a debt-to-equity ratio of 0.54. Mercia Asset Management has a 1 year low of GBX 25.12 and a 1 year high of GBX 34. The stock’s 50 day simple moving average is GBX 29.09 and its 200-day simple moving average is GBX 28.57.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 67 price objective on shares of Mercia Asset Management in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Mercia Asset Management presently has an average rating of “Buy” and a consensus price target of GBX 67.

About Mercia Asset Management

Mercia is a regionally focused private capital asset manager with c.£2.0billion of AuM, investing across venture capital, private debt, private equity and property development finance. Our purpose is to deliver long-term value for investors while supporting the growth and resilience of the UK economy.