Mercia Asset Management (LON:MERC) Trading Up 0.2% – Still a Buy?

Mercia Asset Management PLC (LON:MERCGet Free Report) shares traded up 0.2% on Tuesday . The stock traded as high as GBX 26.06 ($0.34) and last traded at GBX 26.06 ($0.34). 24,027 shares traded hands during trading, a decline of 97% from the average session volume of 855,054 shares. The stock had previously closed at GBX 26 ($0.34).

Mercia Asset Management Stock Performance

The firm’s 50 day moving average is GBX 26.87 and its two-hundred day moving average is GBX 29.58. The stock has a market capitalization of £114.59 million, a PE ratio of 0.27 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41.

Insider Buying and Selling

In other news, insider Martin James Glanfield acquired 129,624 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were bought at an average cost of GBX 27 ($0.35) per share, with a total value of £34,998.48 ($45,499.84). 27.11% of the stock is owned by insiders.

Mercia Asset Management Company Profile

(Get Free Report)

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.

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