Mercury Systems, Inc. (NASDAQ:MRCY – Get Free Report) Director Debora A. Plunkett sold 1,843 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $38.07, for a total transaction of $70,163.01. Following the transaction, the director now directly owns 11,339 shares of the company’s stock, valued at $431,675.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mercury Systems Stock Performance
Shares of NASDAQ MRCY opened at $38.02 on Monday. The firm’s fifty day moving average is $35.45 and its two-hundred day moving average is $31.37. Mercury Systems, Inc. has a 52-week low of $25.31 and a 52-week high of $42.72. The company has a market cap of $2.26 billion, a P/E ratio of -16.18 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.64 and a current ratio of 4.07.
Mercury Systems (NASDAQ:MRCY – Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.32. The company had revenue of $248.56 million during the quarter, compared to analyst estimates of $223.80 million. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. As a group, analysts anticipate that Mercury Systems, Inc. will post -0.52 EPS for the current fiscal year.
Hedge Funds Weigh In On Mercury Systems
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Royal Bank of Canada raised their target price on Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target for the company in a research report on Monday, August 19th. Robert W. Baird lifted their price objective on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Truist Financial raised their target price on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $33.50.
Read Our Latest Report on Mercury Systems
About Mercury Systems
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.
See Also
- Five stocks we like better than Mercury Systems
- Differences Between Momentum Investing and Long Term Investing
- Symbotic’s Double-Bagger Potential as It Hits a Key Inflection
- How to Calculate Return on Investment (ROI)
- High Dividend Yields Make These 2 Shipping Stocks Stand Out
- What is the Nikkei 225 index?
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
Receive News & Ratings for Mercury Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems and related companies with MarketBeat.com's FREE daily email newsletter.