Mercia Asset Management (LON:MERC) Trading Up 0.2% – Should You Buy?

Shares of Mercia Asset Management PLC (LON:MERC) rose 0.2% on Tuesday . The company traded as high as GBX 26.06 ($0.34) and last traded at GBX 26.06 ($0.34). Approximately 24,027 shares were traded during trading, a decline of 97% from the average daily volume of 855,054 shares. The stock had previously closed at GBX 26 ($0.34).

Mercia Asset Management Price Performance

The stock has a fifty day moving average of GBX 26.78 and a two-hundred day moving average of GBX 29.53. The stock has a market capitalization of £115.47 million, a price-to-earnings ratio of 0.27 and a beta of 1.20. The company has a current ratio of 4.41, a quick ratio of 5.34 and a debt-to-equity ratio of 0.37.

Insider Activity

In other Mercia Asset Management news, insider Martin James Glanfield bought 129,624 shares of Mercia Asset Management stock in a transaction on Monday, February 3rd. The shares were purchased at an average cost of GBX 27 ($0.35) per share, for a total transaction of £34,998.48 ($45,381.85). Insiders own 27.11% of the company’s stock.

Mercia Asset Management Company Profile

Mercia is a proactive, specialist asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of balance sheet, venture, private equity and debt capital; the Group’s ‘Complete Capital Solution’. The Group initially nurtures businesses via its third-party funds under management then, over time, Mercia can provide further funding to the most promising companies by deploying direct investment follow-on capital from its own balance sheet.