Mercia Asset Management (LON:MERC) Shares Up 1.8% – Here’s Why

Mercia Asset Management PLC (LON:MERC) shares were up 1.8% during trading on Wednesday . The company traded as high as GBX 28.40 ($0.35) and last traded at GBX 28 ($0.35). Approximately 4,474,820 shares were traded during mid-day trading, an increase of 203% from the average daily volume of 1,475,544 shares. The stock had previously closed at GBX 27.50 ($0.34).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 64 ($0.79) target price on shares of Mercia Asset Management in a research note on Thursday, September 26th.

Mercia Asset Management Stock Performance

The firm’s fifty day moving average is GBX 30.14 and its 200-day moving average is GBX 31.98. The company has a current ratio of 4.41, a quick ratio of 5.34 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of £120.76 million, a PE ratio of -1,400.00 and a beta of 1.20.

Mercia Asset Management Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be paid a GBX 0.37 ($0.00) dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 5th. Mercia Asset Management’s dividend payout ratio (DPR) is -5,000.00%.

Mercia Asset Management Company Profile

Mercia is a proactive, specialist asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of balance sheet, venture, private equity and debt capital; the Group’s ‘Complete Capital Solution’. The Group initially nurtures businesses via its third-party funds under management then, over time, Mercia can provide further funding to the most promising companies by deploying direct investment follow-on capital from its own balance sheet.