Merit Group (LON:MRIT) Shares Up 1.2%

Merit Group plc (LON:MRIT)’s stock price shot up 1.2% during mid-day trading on Thursday . The stock traded as high as GBX 85 ($1.08) and last traded at GBX 85 ($1.08). 3,522 shares traded hands during trading, a decline of 84% from the average session volume of 21,379 shares. The stock had previously closed at GBX 84 ($1.06).

Merit Group Stock Performance

The company has a market cap of £20.37 million, a PE ratio of -708.33 and a beta of 0.21. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 17.79. The company has a 50-day moving average of GBX 75.03 and a 200-day moving average of GBX 66.35.

Insider Activity at Merit Group

In related news, insider Phil Machray bought 93,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of GBX 63 ($0.80) per share, with a total value of £58,590 ($74,108.27). In other Merit Group news, insider Con Conlon acquired 20,750 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were acquired at an average price of GBX 73 ($0.92) per share, with a total value of £15,147.50 ($19,159.50). Also, insider Phil Machray acquired 93,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average cost of GBX 63 ($0.80) per share, for a total transaction of £58,590 ($74,108.27). 69.04% of the stock is owned by insiders.

Merit Group Company Profile

Merit Group plc gathers, organizes, and enriches data that informs b2b intelligence brands in the United Kingdom, Belgium, the United States, France, Germany, and internationally. It operates in two segments, Merit Data & Technology and Dods. The company offers data, data engineering, and machine learning, as well as software and technology resourcing services.