Mercia Asset Management (LON:MERC) Stock Price Down 1.6% – Time to Sell?

Mercia Asset Management PLC (LON:MERC)’s stock price was down 1.6% during mid-day trading on Thursday . The stock traded as low as GBX 29.62 ($0.39) and last traded at GBX 30 ($0.39). Approximately 1,413,263 shares changed hands during trading, an increase of 91% from the average daily volume of 738,199 shares. The stock had previously closed at GBX 30.50 ($0.40).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 64 ($0.84) price objective on shares of Mercia Asset Management in a research note on Thursday, September 26th.

Mercia Asset Management Price Performance

The stock has a fifty day simple moving average of GBX 33.52 and a 200-day simple moving average of GBX 33.21. The company has a current ratio of 4.41, a quick ratio of 5.34 and a debt-to-equity ratio of 0.37. The stock has a market cap of £128.96 million, a price-to-earnings ratio of -1,495.00 and a beta of 1.20.

Insider Buying and Selling

In related news, insider Martin James Glanfield bought 119,223 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average price of GBX 35 ($0.46) per share, for a total transaction of £41,728.05 ($54,489.49). 27.11% of the stock is owned by company insiders.

Mercia Asset Management Company Profile

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.