Mercury Systems (NASDAQ:MRCY) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Mercury Systems, Inc. (NASDAQ:MRCY)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $36.55 and traded as high as $43.87. Mercury Systems shares last traded at $43.76, with a volume of 492,993 shares trading hands.

Analysts Set New Price Targets

MRCY has been the subject of several recent analyst reports. Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their price objective on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Mercury Systems has an average rating of “Hold” and an average target price of $36.29.

Mercury Systems Price Performance

The company has a 50-day moving average of $40.03 and a 200-day moving average of $36.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -21.35 and a beta of 0.78.

Insider Activity

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the transaction, the chief operating officer now directly owns 113,488 shares of the company’s stock, valued at $4,403,334.40. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Mercury Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its stake in shares of Mercury Systems by 144.0% in the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after buying an additional 393 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Mercury Systems by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after purchasing an additional 503 shares in the last quarter. Covestor Ltd boosted its position in shares of Mercury Systems by 41.2% during the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares in the last quarter. FMR LLC grew its stake in shares of Mercury Systems by 46.5% during the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after purchasing an additional 974 shares during the period. Finally, nVerses Capital LLC increased its holdings in shares of Mercury Systems by 16.7% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock valued at $130,000 after purchasing an additional 500 shares in 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.