Mercia Asset Management (LON:MERC) Issues Earnings Results

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

Mercia Asset Management Trading Up 0.4%

Shares of Mercia Asset Management stock traded up GBX 0.10 on Friday, hitting GBX 26.60. The stock had a trading volume of 73,076 shares, compared to its average volume of 674,814. The stock has a 50 day moving average of GBX 29.09 and a 200 day moving average of GBX 28.57. The firm has a market capitalization of £112.60 million, a P/E ratio of 34.10 and a beta of 0.75. Mercia Asset Management has a twelve month low of GBX 25.12 and a twelve month high of GBX 34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.34 and a current ratio of 99.15.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 67 price target on shares of Mercia Asset Management in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.