Merit Group (LON:MRIT) Reaches New 12-Month Low – Here’s What Happened

Merit Group plc (LON:MRIT) shares reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 35 ($0.45) and last traded at GBX 35 ($0.45), with a volume of 1363 shares traded. The stock had previously closed at GBX 37.50 ($0.48).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 105 ($1.35) price target on shares of Merit Group in a research note on Wednesday.

Merit Group Price Performance

The company has a fifty day simple moving average of GBX 55.46 and a two-hundred day simple moving average of GBX 68.20. The company has a market capitalization of £8.39 million, a price-to-earnings ratio of 1,875.00 and a beta of 0.18. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.48 and a current ratio of 0.57.

About Merit Group

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.