Merit Group (LON:MRIT) Sets New 1-Year Low – Time to Sell?

Merit Group plc (LON:MRIT)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 31.10 ($0.39) and last traded at GBX 31.10 ($0.39), with a volume of 15000 shares trading hands. The stock had previously closed at GBX 35.50 ($0.45).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 105 ($1.33) target price on shares of Merit Group in a report on Wednesday, November 13th.

Merit Group Price Performance

The company has a market cap of £7.45 million, a price-to-earnings ratio of 1,775.00 and a beta of 0.18. The company has a 50-day simple moving average of GBX 52.28 and a 200-day simple moving average of GBX 67.30. 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.