Mercia Asset Management (LON:MERC) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Mercia Asset Management (LON:MERC) in a report released on Tuesday morning, Marketbeat Ratings reports. They currently have a GBX 64 ($0.81) price objective on the stock.

Mercia Asset Management Stock Up 5.8 %

Shares of MERC opened at GBX 32.80 ($0.41) on Tuesday. The business’s 50 day moving average is GBX 31.96 and its 200 day moving average is GBX 31.52. The company has a current ratio of 3.54, a quick ratio of 5.34 and a debt-to-equity ratio of 0.43. Mercia Asset Management has a 12-month low of GBX 21 ($0.27) and a 12-month high of GBX 36 ($0.46). The company has a market capitalization of £141.51 million, a PE ratio of -3,300.00 and a beta of 1.23.

Mercia Asset Management Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd will be issued a dividend of GBX 0.55 ($0.01) per share. This represents a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, October 3rd. This is an increase from Mercia Asset Management’s previous dividend of $0.35. Mercia Asset Management’s dividend payout ratio is -10,000.00%.

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.