Merit Group (LON:MRIT) Trading Down 0.8% – Here’s What Happened

Merit Group plc (LON:MRIT) traded down 0.8% on Thursday . The stock traded as low as GBX 64 ($0.84) and last traded at GBX 64 ($0.84). 100 shares were traded during trading, a decline of 99% from the average session volume of 17,636 shares. The stock had previously closed at GBX 64.50 ($0.84).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 120 ($1.57) target price on shares of Merit Group in a research note on Thursday, July 18th.

Merit Group Stock Performance

The company has a debt-to-equity ratio of 14.17, a current ratio of 0.57 and a quick ratio of 0.48. The company has a fifty day moving average price of GBX 68.96 and a 200 day moving average price of GBX 69.42. The stock has a market cap of £15.33 million, a P/E ratio of 3,200.00 and a beta of 0.18.

About Merit Group

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.