Mercia Asset Management PLC to Issue Dividend of GBX 0.37 (LON:MERC)

Mercia Asset Management PLC (LON:MERC) announced a dividend on Tuesday, November 26th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 0.37 ($0.00) per share on Wednesday, January 8th. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 5th. The official announcement can be viewed at this link.

Mercia Asset Management Trading Down 1.1 %

Shares of MERC stock traded down GBX 0.34 ($0.00) during trading hours on Wednesday, hitting GBX 30.66 ($0.39). 35,100 shares of the company were exchanged, compared to its average volume of 780,904. The firm has a market cap of £132.24 million, a P/E ratio of -1,533.00 and a beta of 1.20. Mercia Asset Management has a fifty-two week low of GBX 26 ($0.33) and a fifty-two week high of GBX 37 ($0.47). The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41. The company has a 50 day simple moving average of GBX 31.05 and a two-hundred day simple moving average of GBX 32.47.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 64 ($0.80) price objective on shares of Mercia Asset Management in a report on Thursday, September 26th.

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.