Merit Group (LON:MRIT) Trading Down 38% – Here’s Why

Merit Group plc (LON:MRIT) traded down 38% during trading on Tuesday . The stock traded as low as GBX 35 ($0.45) and last traded at GBX 37.50 ($0.49). 90,559 shares traded hands during mid-day trading, an increase of 414% from the average session volume of 17,617 shares. The stock had previously closed at GBX 60.50 ($0.79).

Wall Street Analyst Weigh In

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

Merit Group Stock Down 38.0 %

The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.48 and a current ratio of 0.57. The company’s 50-day moving average price is GBX 66.56 and its 200 day moving average price is GBX 69.76. The stock has a market capitalization of £8.99 million, a P/E ratio of 1,875.00 and a beta of 0.18.

Merit Group Company Profile

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.