Merit Group (LON:MRIT) Hits New 1-Year Low – Time to Sell?

Merit Group plc (LON:MRIT)’s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 35 ($0.44) and last traded at GBX 35 ($0.44), with a volume of 1363 shares traded. The stock had previously closed at GBX 37.50 ($0.47).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 105 ($1.32) price objective on shares of Merit Group in a research note on Wednesday.

Merit Group Stock Performance

The business has a 50-day simple moving average of GBX 54.26 and a 200 day simple moving average of GBX 67.82. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.57 and a quick ratio of 0.48. The firm has a market cap of £8.99 million, a PE ratio of 1,875.00 and a beta of 0.18.

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.