Mercia Asset Management (LON:MERC) Trading Down 0.3% – Here’s What Happened

Mercia Asset Management PLC (LON:MERC)’s stock price dropped 0.3% during trading on Tuesday . The company traded as low as GBX 30 ($0.38) and last traded at GBX 30.50 ($0.39). Approximately 24,375 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 830,990 shares. The stock had previously closed at GBX 30.60 ($0.39).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 64 ($0.81) target price on shares of Mercia Asset Management in a research note on Thursday, September 26th.

Mercia Asset Management Stock Performance

The company has a fifty day moving average price of GBX 30.55 and a 200 day moving average price of GBX 32.22. 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 stock has a market cap of £131.55 million, a P/E ratio of -1,525.00 and a beta of 1.20.

Mercia Asset Management Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be given a dividend of GBX 0.37 ($0.00) per share. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 1.2%. Mercia Asset Management’s payout ratio is -5,000.00%.

About Mercia Asset Management

Mercia Asset Management PLC is a private equity and venture capital firm specializing in incubation, seed EIS, early stage, emerging growth, mid venture, late stage and growth capital investments. It invests in technology focusing on sectors such as digital entertainment, consumer services, media, retailing, energy, healthcare, industrials, materials, real estate, telecommunication services, gaming, internet, software, electronics and hardware, advanced materials, transportation, biosciences, engineering and specialist manufacturing, and life sciences.