Mercia Asset Management (LON:MERC) Issues Quarterly Earnings Results

Mercia Asset Management (LON:MERC) announced its 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 return on equity of 4.78% and a negative net margin of 25.23%.

Mercia Asset Management Stock Up 0.1%

MERC stock opened at GBX 26.52 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 99.15 and a quick ratio of 5.34. The stock has a market capitalization of £112.28 million, a price-to-earnings ratio of 34.00 and a beta of 0.75. The business’s fifty day moving average price is GBX 29.09 and its two-hundred day moving average price is GBX 28.57. Mercia Asset Management has a fifty-two week low of GBX 25.12 and a fifty-two week high of GBX 34.

Analysts Set New Price Targets

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