Merit Group (LON:MRIT) Reaches New 12-Month Low – Here’s Why

Merit Group plc (LON:MRIT) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 35 ($0.45) and last traded at GBX 38.25 ($0.50), with a volume of 16600 shares. The stock had previously closed at GBX 38.50 ($0.50).

Analyst Ratings Changes

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

Merit Group Trading Down 0.6 %

The stock has a market cap of £9.16 million, a PE ratio of 1,925.00 and a beta of 0.18. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 14.17. The firm has a fifty day simple moving average of GBX 62.30 and a two-hundred day simple moving average of GBX 69.28.

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.