Mercury Systems (NASDAQ:MRCY) Hits New 52-Week High Following Analyst Upgrade

Mercury Systems, Inc. (NASDAQ:MRCY)’s stock price hit a new 52-week high during trading on Wednesday after Robert W. Baird raised their price target on the stock from $26.00 to $37.00. Robert W. Baird currently has a neutral rating on the stock. Mercury Systems traded as high as $42.72 and last traded at $41.34, with a volume of 1551199 shares traded. The stock had previously closed at $34.00.

A number of other analysts have also weighed in on the stock. Truist Financial lowered their price target on shares of Mercury Systems from $28.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. JPMorgan Chase & Co. boosted their target price on Mercury Systems from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Mercury Systems presently has an average rating of “Hold” and an average target price of $28.57.

Institutional Trading of Mercury Systems

A number of hedge funds and other institutional investors have recently modified their holdings of MRCY. Nisa Investment Advisors LLC increased its position in shares of Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,070 shares during the last quarter. Psagot Value Holdings Ltd. Israel raised its position in Mercury Systems by 511.5% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 1,278 shares of the technology company’s stock worth $47,000 after acquiring an additional 1,069 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Mercury Systems by 216.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock valued at $64,000 after acquiring an additional 1,622 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Mercury Systems in the 2nd quarter valued at about $81,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Mercury Systems in the 4th quarter valued at about $169,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Price Performance

The company has a quick ratio of 2.93, a current ratio of 4.58 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $31.26 and a 200 day moving average of $30.02. The firm has a market cap of $2.43 billion, a P/E ratio of -17.55 and a beta of 0.68.

About Mercury Systems

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.