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

Mercia Asset Management (LON:MERC) issued 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 Stock Up 0.2%

Shares of LON:MERC opened at GBX 26.55 on Friday. The firm has a fifty day moving average price of GBX 29.09 and a 200 day moving average price of GBX 28.57. Mercia Asset Management has a 1-year low of GBX 25.12 and a 1-year high of GBX 34. 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 cap of £112.40 million, a P/E ratio of 34.04 and a beta of 0.75.

Wall Street Analysts Forecast Growth

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 research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average 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.