Mercator Acquisition (NASDAQ:MRCO – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports.
Mercator Acquisition Trading Up 0.3%
Mercator Acquisition stock traded up $0.03 during mid-day trading on Friday, hitting $9.91. The company’s stock had a trading volume of 246,647 shares, compared to its average volume of 38,717. The stock’s 50 day moving average is $9.88. Mercator Acquisition has a 52-week low of $9.83 and a 52-week high of $10.03.
Wall Street Analyst Weigh In
Separately, Weiss Ratings initiated coverage on Mercator Acquisition in a research note on Monday. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
Read Our Latest Stock Analysis on MRCO
About Mercator Acquisition
Mercator Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies. Mercator Acquisition Corp. is based in NORWALK, CT.
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