Mercury Systems (NASDAQ:MRCY) Stock Price Down 6.2% – Time to Sell?

Mercury Systems, Inc. (NASDAQ:MRCY) fell 6.2% during mid-day trading on Thursday . The company traded as low as $46.61 and last traded at $46.80. 351,559 shares were traded during mid-day trading, a decline of 31% from the average session volume of 509,716 shares. The stock had previously closed at $49.88.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MRCY. JPMorgan Chase & Co. increased their target price on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Truist Financial increased their price target on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Baird R W upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. The Goldman Sachs Group boosted their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, January 16th. Finally, Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $37.00 to $58.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $42.14.

Mercury Systems Trading Down 6.4 %

The stock’s fifty day simple moving average is $41.23 and its two-hundred day simple moving average is $38.37. The firm has a market cap of $2.78 billion, a PE ratio of -22.82 and a beta of 0.79. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 3.96% and a negative net margin of 13.80%. On average, sell-side analysts forecast that Mercury Systems, Inc. will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the sale, the chief operating officer now directly owns 113,488 shares in the company, valued at $4,403,334.40. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Mercury Systems

A number of large investors have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in shares of Mercury Systems by 144.0% during the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after purchasing an additional 393 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Mercury Systems by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after buying an additional 503 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Mercury Systems in the fourth quarter worth approximately $75,000. Covestor Ltd lifted its stake in shares of Mercury Systems by 41.2% during the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after acquiring an additional 620 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Mercury Systems by 49.4% during the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock valued at $105,000 after acquiring an additional 825 shares during the period. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.