Merit Group (LON:MRIT) Trading Down 2.2%

Merit Group plc (LON:MRIT – Get Rating)’s stock price traded down 2.2% during trading on Friday . The company traded as low as GBX 45 ($0.57) and last traded at GBX 45.50 ($0.57). 750 shares were traded during mid-day trading, a decline of 91% from the average session volume of 7,983 shares. The stock had previously closed at GBX 46.50 ($0.59).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 116 ($1.46) price target on shares of Merit Group in a report on Monday, March 27th.

Merit Group Stock Performance

The business’s 50-day simple moving average is GBX 32.67 and its two-hundred day simple moving average is GBX 34.26. The firm has a market cap of £10.90 million, a price-to-earnings ratio of -413.64 and a beta of 0.17. The company has a quick ratio of 0.48, a current ratio of 0.76 and a debt-to-equity ratio of 32.22.

Merit Group Company Profile

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Merit Group plc develops machine learning tools in the United Kingdom. The company operates through Dods and Merit Data & Technology segments. It offers an online service that provides access to political representatives and public affairs professionals; political intelligence to understand and react to political and policy issues; polling services to engage with civil service, NHS, and local government audiences; and MP polling service to ask politicians the questions.