Merit Group (LON:MRIT) Sets New 12-Month Low – Here’s What Happened

Merit Group plc (LON:MRIT) shares reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 35 ($0.45) and last traded at GBX 38.25 ($0.50), with a volume of 16600 shares trading hands. The stock had previously closed at GBX 38.50 ($0.50).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 120 ($1.56) price target on shares of Merit Group in a research note on Thursday, July 18th.

Merit Group Trading Down 2.6 %

The stock’s fifty day simple moving average is GBX 60.96 and its two-hundred day simple moving average is GBX 69.13. The firm has a market cap of £9.10 million, a PE ratio of 1,950.00 and a beta of 0.18. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 14.17.

About Merit Group

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.