Mercia Asset Management (LON:MERC) Shares Down 0.3% - Here's What Happened

Mercia Asset Management PLC (LON:MERC - Get Free Report) shares fell 0.3% on Tuesday . The stock traded as low as GBX 30 ($0.38) and last traded at GBX 30.50 ($0.39). 24,375 shares traded hands during trading, a decline of 97% from the average session volume of 830,990 shares. The stock had previously closed at GBX 30.60 ($0.39).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 64 ($0.81) target price on shares of Mercia Asset Management in a report on Thursday, September 26th.

Mercia Asset Management Stock Performance

The business's fifty day simple moving average is GBX 30.55 and its 200-day simple moving average is GBX 32.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41. The company has a market capitalization of £126.52 million, a P/E ratio of -1,525.00 and a beta of 1.20.

Mercia Asset Management Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be paid a dividend of GBX 0.37 ($0.00) per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 1.2%. Mercia Asset Management's dividend payout ratio is presently -5,000.00%.

About Mercia Asset Management

Mercia Asset Management PLC is a private equity and venture capital firm specializing in incubation, seed EIS, early stage, emerging growth, mid venture, late stage and growth capital investments. It invests in technology focusing on sectors such as digital entertainment, consumer services, media, retailing, energy, healthcare, industrials, materials, real estate, telecommunication services, gaming, internet, software, electronics and hardware, advanced materials, transportation, biosciences, engineering and specialist manufacturing, and life sciences.