Mercia Asset Management (LON:MERC) Trading Down 0.3% – Here’s Why

Mercia Asset Management PLC (LON:MERC) traded down 0.3% during trading 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).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued 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 Down 0.3 %

The stock has a 50-day moving average price of GBX 30.55 and a 200-day moving average price of GBX 32.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.41 and a quick ratio of 5.34. The company has a market capitalization of £131.55 million, a P/E ratio of -1,525.00 and a beta of 1.20.

Mercia Asset Management Cuts Dividend

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

Mercia Asset Management Company Profile

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.