Mercia Asset Management (LON:MERC) Posts Earnings Results

Mercia Asset Management (LON:MERC) posted its quarterly earnings results on Tuesday. The company reported GBX (2) earnings per share 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

LON MERC opened at GBX 26.52 on Thursday. The firm has a market cap of £112.28 million, a P/E ratio of 34.00 and a beta of 0.75. The company has a quick ratio of 5.34, a current ratio of 99.15 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is GBX 29.15 and its 200-day moving average is GBX 28.59. Mercia Asset Management has a 12-month low of GBX 25.12 and a 12-month high of GBX 34.

Analyst Ratings Changes

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

Mercia Asset Management Company Profile

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.