Mercury Systems (NASDAQ:MRCY - Get Free Report) issued its quarterly earnings data on Tuesday. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04), Zacks reports. Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%.
Mercury Systems Trading Down 4.2 %
MRCY traded down $1.99 during midday trading on Friday, hitting $45.35. 764,287 shares of the company were exchanged, compared to its average volume of 537,351. The firm's 50 day moving average price is $41.44 and its 200-day moving average price is $38.51. Mercury Systems has a 1-year low of $26.11 and a 1-year high of $52.25. The firm has a market capitalization of $2.71 billion, a P/E ratio of -29.07 and a beta of 0.79. The company has a quick ratio of 2.59, a current ratio of 3.62 and a debt-to-equity ratio of 0.41.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on MRCY shares. JPMorgan Chase & Co. increased their price target on Mercury Systems from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Truist Financial upped their price target on shares of Mercury Systems from $35.00 to $44.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. The Goldman Sachs Group boosted their price target on Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a report on Thursday, January 16th. Jefferies Financial Group upgraded shares of Mercury Systems from an "underperform" rating to a "hold" rating and raised their price target for the company from $30.00 to $42.00 in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Mercury Systems from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Mercury Systems presently has an average rating of "Hold" and a consensus price target of $42.14.
Read Our Latest Report on Mercury Systems
Insider Transactions at Mercury Systems
In related news, COO Charles Roger Iv Wells sold 1,527 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the transaction, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.
About Mercury Systems
(
Get Free Report)
Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.
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