Mercia Asset Management (LON:MERC) Trading 0.4% Higher – Here’s Why

Mercia Asset Management PLC (LON:MERC) was up 0.4% during trading on Tuesday . The stock traded as high as GBX 26 ($0.33) and last traded at GBX 25.60 ($0.32). Approximately 739,524 shares traded hands during trading, a decline of 30% from the average daily volume of 1,053,017 shares. The stock had previously closed at GBX 25.50 ($0.32).

Mercia Asset Management Stock Performance

The firm has a market capitalization of £112.58 million, a PE ratio of 0.26 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.41 and a quick ratio of 5.34. The firm has a fifty day moving average price of GBX 27.71 and a 200 day moving average price of GBX 30.60.

Mercia Asset Management (LON:MERC) last announced its earnings results on Tuesday, November 26th. The company reported GBX 0.41 ($0.01) EPS for the quarter. Mercia Asset Management had a return on equity of 223.48% and a net margin of 1,438.02%. Research analysts anticipate that Mercia Asset Management PLC will post 0.9368771 earnings per share for the current fiscal year.

Insider Activity

In other Mercia Asset Management news, insider Martin James Glanfield acquired 129,624 shares of Mercia Asset Management stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average cost of GBX 27 ($0.34) per share, with a total value of £34,998.48 ($44,358.02). 27.11% of the stock is currently owned by company insiders.

Mercia Asset Management Company Profile

Mercia is a proactive, specialist asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of balance sheet, venture, private equity and debt capital; the Group’s ‘Complete Capital Solution’. The Group initially nurtures businesses via its third-party funds under management then, over time, Mercia can provide further funding to the most promising companies by deploying direct investment follow-on capital from its own balance sheet.