Merit Group (LON:MRIT) Reaches New 12-Month Low – Time to Sell?

Shares of Merit Group plc (LON:MRIT) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 35 ($0.45) and last traded at GBX 36 ($0.47), with a volume of 90561 shares traded. The stock had previously closed at GBX 60.50 ($0.79).

Analysts Set New Price Targets

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

Merit Group Price Performance

The firm has a market capitalization of £8.68 million, a PE ratio of 1,811.00 and a beta of 0.18. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 14.17. The stock has a 50-day moving average price of GBX 65.82 and a 200 day moving average price of GBX 69.66.

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.