Merit Group (LON:MRIT) Shares Down 0.8% – Here’s Why

Merit Group plc (LON:MRIT)’s share price fell 0.8% during mid-day trading on Thursday . The company traded as low as GBX 64 ($0.84) and last traded at GBX 64 ($0.84). 100 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 17,636 shares. The stock had previously closed at GBX 64.50 ($0.84).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 120 ($1.57) price target on shares of Merit Group in a research note on Thursday, July 18th.

Merit Group Stock Performance

The stock has a 50 day moving average of GBX 68.76 and a 200 day moving average of GBX 69.38. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 14.17. The company has a market capitalization of £15.33 million, a price-to-earnings ratio of 3,200.00 and a beta of 0.18.

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.