Mercer International Inc. (NASDAQ:MERC - Get Free Report) TSE: MRI.U crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.54 and traded as high as $6.79. Mercer International shares last traded at $6.65, with a volume of 140,078 shares changing hands.
Analyst Upgrades and Downgrades
Several equities analysts have commented on MERC shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $7.00 price objective on shares of Mercer International in a research report on Monday, November 4th. StockNews.com upgraded Mercer International from a "sell" rating to a "hold" rating in a research note on Friday, October 18th. Finally, Raymond James decreased their price target on shares of Mercer International from $7.50 to $7.00 in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $8.25.
Get Our Latest Analysis on MERC
Mercer International Trading Up 0.8 %
The company has a 50-day moving average price of $6.51 and a 200 day moving average price of $6.50. The company has a current ratio of 3.79, a quick ratio of 2.39 and a debt-to-equity ratio of 3.09. The stock has a market capitalization of $442.02 million, a P/E ratio of -2.34 and a beta of 1.29.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of MERC. Entropy Technologies LP increased its position in Mercer International by 56.0% during the 4th quarter. Entropy Technologies LP now owns 17,270 shares of the basic materials company's stock valued at $112,000 after buying an additional 6,200 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Mercer International by 1.7% in the third quarter. Geode Capital Management LLC now owns 525,532 shares of the basic materials company's stock worth $3,559,000 after acquiring an additional 8,957 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Mercer International by 22.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,661 shares of the basic materials company's stock valued at $248,000 after buying an additional 6,786 shares during the period. Finally, Quantbot Technologies LP boosted its position in Mercer International by 505.8% in the 3rd quarter. Quantbot Technologies LP now owns 49,483 shares of the basic materials company's stock worth $335,000 after purchasing an additional 41,315 shares in the last quarter. Hedge funds and other institutional investors own 85.79% of the company's stock.
About Mercer International
(
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Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills.
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