Mercia Asset Management (LON:MERC) Stock Price Up 12.2% - What's Next?

Mercia Asset Management PLC (LON:MERC - Get Free Report) rose 12.2% on Wednesday . The company traded as high as GBX 30 ($0.40) and last traded at GBX 28.60 ($0.38). Approximately 197,077 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 708,627 shares. The stock had previously closed at GBX 25.50 ($0.34).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 64 ($0.85) target price on shares of Mercia Asset Management in a research report on Wednesday, April 16th.

Mercia Asset Management Stock Up 3.4 %

The business has a 50-day simple moving average of GBX 25.75 and a two-hundred day simple moving average of GBX 28.14. The company has a market capitalization of £131.94 million, a price-to-earnings ratio of 0.31 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 Activity at Mercia Asset Management

In other Mercia Asset Management news, insider Martin James Glanfield acquired 129,624 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average price of GBX 27 ($0.36) per share, with a total value of £34,998.48 ($46,552.91). 27.11% of the stock is currently owned by insiders.

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.