Mercia Asset Management (LON:MERC) Stock Price Down 1.3% - What's Next?

Mercia Asset Management PLC (LON:MERC - Get Free Report) shares traded down 1.3% during trading on Tuesday . The company traded as low as GBX 22.88 ($0.30) and last traded at GBX 23 ($0.30). 404,641 shares traded hands during trading, a decline of 46% from the average session volume of 749,083 shares. The stock had previously closed at GBX 23.30 ($0.30).

Mercia Asset Management Price Performance

The company's 50 day moving average price is GBX 25.67 and its 200 day moving average price is GBX 28.33. The company has a market cap of £101.59 million, a price-to-earnings ratio of 0.24 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 at Mercia Asset Management

In related news, insider Martin James Glanfield bought 129,624 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average cost of GBX 27 ($0.35) per share, with a total value of £34,998.48 ($45,809.53). Insiders own 27.11% of the company's stock.

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.