Merit Group (LON:MRIT) Sets New 1-Year Low – Here’s Why

Merit Group plc (LON:MRIT)’s share price hit a new 52-week low on Monday . The stock traded as low as GBX 35 ($0.45) and last traded at GBX 36 ($0.47), with a volume of 90561 shares. The stock had previously closed at GBX 60.50 ($0.79).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 120 ($1.56) price target on shares of Merit Group in a research report on Thursday, July 18th.

Merit Group Stock Down 4.7 %

The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.48 and a current ratio of 0.57. The business has a 50 day simple moving average of GBX 65.82 and a 200-day simple moving average of GBX 69.66. The firm has a market capitalization of £8.68 million, a price-to-earnings ratio of 1,811.00 and a beta of 0.18.

Merit Group Company Profile

Merit Group plc gathers, organizes, and enriches data that informs b2b intelligence brands in the United Kingdom, Belgium, the United States, France, Germany, and internationally. It operates in two segments, Merit Data & Technology and Dods. The company offers data, data engineering, and machine learning, as well as software and technology resourcing services.