Mercia Asset Management PLC (LON:MERC – Get Free Report) shares were down 1.6% during mid-day trading on Thursday . The company traded as low as GBX 29.62 ($0.39) and last traded at GBX 30 ($0.39). Approximately 1,413,263 shares traded hands during trading, an increase of 91% from the average daily volume of 738,199 shares. The stock had previously closed at GBX 30.50 ($0.40).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 64 ($0.84) price objective on shares of Mercia Asset Management in a report on Thursday, September 26th.
Read Our Latest Stock Analysis on Mercia Asset Management
Mercia Asset Management Stock Performance
Insider Activity
In other news, insider Martin James Glanfield purchased 119,223 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was purchased at an average price of GBX 35 ($0.46) per share, with a total value of £41,728.05 ($54,489.49). 27.11% of the stock is owned by company insiders.
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.
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