Mercury Systems (NASDAQ:MRCY) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Mercury Systems, Inc. (NASDAQ:MRCY)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $36.55 and traded as high as $43.87. Mercury Systems shares last traded at $43.76, with a volume of 492,993 shares traded.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MRCY shares. JPMorgan Chase & Co. raised their price objective on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $36.29.

Mercury Systems Stock Performance

The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average price of $40.03 and a two-hundred day moving average price of $36.61. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -21.35 and a beta of 0.78.

Insider Activity at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the sale, the chief operating officer now owns 113,488 shares in the company, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in shares of Mercury Systems by 3.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,220 shares of the technology company’s stock worth $1,710,000 after acquiring an additional 1,731 shares during the period. M&T Bank Corp lifted its holdings in shares of Mercury Systems by 12.3% in the third quarter. M&T Bank Corp now owns 71,218 shares of the technology company’s stock valued at $2,635,000 after purchasing an additional 7,779 shares in the last quarter. Barclays PLC increased its stake in Mercury Systems by 471.3% in the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock valued at $6,496,000 after buying an additional 144,831 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Mercury Systems in the 3rd quarter worth about $219,000. Finally, XTX Topco Ltd bought a new position in Mercury Systems during the third quarter valued at approximately $857,000. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.