Mercury Systems (NASDAQ:MRCY) Trading Up 5.5%

Mercury Systems, Inc. (NASDAQ:MRCY)’s stock price was up 5.5% on Friday . The company traded as high as $28.16 and last traded at $28.07. Approximately 172,396 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 513,137 shares. The stock had previously closed at $26.61.

Wall Street Analyst Weigh In

MRCY has been the subject of a number of recent analyst reports. Truist Financial lowered their target price on shares of Mercury Systems from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Mercury Systems from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Mercury Systems presently has a consensus rating of “Hold” and a consensus price target of $28.50.

Mercury Systems Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.93 and a current ratio of 4.58. The firm’s 50 day simple moving average is $29.46 and its 200-day simple moving average is $30.69. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -12.02 and a beta of 0.70.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, May 7th. The technology company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.11). Mercury Systems had a negative return on equity of 5.07% and a negative net margin of 16.08%. The business had revenue of $208.26 million for the quarter, compared to analyst estimates of $212.03 million. On average, sell-side analysts predict that Mercury Systems, Inc. will post -1.51 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Westwood Holdings Group Inc. boosted its position in shares of Mercury Systems by 14.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,554,166 shares of the technology company’s stock valued at $45,848,000 after acquiring an additional 199,600 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Mercury Systems by 26.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock valued at $167,000 after buying an additional 1,223 shares during the last quarter. Virtu Financial LLC acquired a new position in Mercury Systems in the first quarter valued at about $220,000. Jane Street Group LLC lifted its position in Mercury Systems by 102.6% in the first quarter. Jane Street Group LLC now owns 257,514 shares of the technology company’s stock valued at $7,597,000 after buying an additional 130,396 shares during the last quarter. Finally, Redwood Investment Management LLC lifted its position in Mercury Systems by 26.5% in the first quarter. Redwood Investment Management LLC now owns 111,056 shares of the technology company’s stock valued at $3,276,000 after buying an additional 23,274 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

About Mercury Systems

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.