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

Mercia Asset Management (LON:MERC) issued its earnings results on Tuesday. The company reported GBX (2) EPS for the quarter, Digital Look Earnings reports. Mercia Asset Management had a net margin of 9.81% and a return on equity of 1.79%. The firm had revenue of GBX 3,414 million during the quarter.

Mercia Asset Management Trading Down 7.0%

Shares of LON MERC traded down GBX 2 during midday trading on Tuesday, hitting GBX 26.75. 1,414,911 shares of the company traded hands, compared to its average volume of 664,704. Mercia Asset Management has a 12-month low of GBX 25.12 and a 12-month high of GBX 34.76. The firm has a market cap of £113.26 million, a P/E ratio of 34.29 and a beta of 0.75. The stock has a 50-day moving average price of GBX 29.24 and a 200 day moving average price of GBX 28.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 5.34 and a current ratio of 3.28.

Wall Street Analysts Forecast Growth

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