Mercia Asset Management (LON:MERC) Trading Down 0.3% – Time to Sell?

Mercia Asset Management PLC (LON:MERC) shares fell 0.3% during mid-day trading on Tuesday . The stock traded as low as GBX 30 ($0.37) and last traded at GBX 30.50 ($0.38). 24,375 shares traded hands during trading, a decline of 97% from the average session volume of 830,990 shares. The stock had previously closed at GBX 30.60 ($0.38).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 64 ($0.80) price target on shares of Mercia Asset Management in a report on Thursday, September 26th.

Mercia Asset Management Stock Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41. The firm has a market cap of £128.10 million, a price-to-earnings ratio of -1,485.00 and a beta of 1.20. The stock has a 50-day moving average of GBX 30.48 and a 200-day moving average of GBX 32.18.

Mercia Asset Management Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, January 8th. Shareholders 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 yield of 1.2%. Mercia Asset Management’s dividend payout ratio (DPR) is presently -5,000.00%.

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.