Merit Group (LON:MRIT) Shares Down 3.7%

Shares of Merit Group plc (LON:MRIT) fell 3.7% during mid-day trading on Monday . The company traded as low as GBX 65 ($0.86) and last traded at GBX 65 ($0.86). 30,000 shares traded hands during trading, an increase of 58% from the average session volume of 18,979 shares. The stock had previously closed at GBX 67.50 ($0.89).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 120 ($1.59) price target on shares of Merit Group in a research note on Thursday, July 18th.

Merit Group Price Performance

The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 14.17. The company has a market capitalization of £16.17 million, a P/E ratio of 3,250.00 and a beta of 0.18. The firm’s 50 day moving average price is GBX 73.23 and its two-hundred day moving average price is GBX 68.88.

Merit Group Company Profile

Merit Group plc gathers, organizes, and enriches data that informs b2b intelligence brands in the United Kingdom, Belgium, the United States, France, Germany, and internationally. It operates in two segments, Merit Data & Technology and Dods. The company offers data, data engineering, and machine learning, as well as software and technology resourcing services.