River and Mercantile Group (LON:RIV) Trading Down 5% – Here’s Why

River and Mercantile Group PLC (LON:RIV) was down 5% on Wednesday . The company traded as low as GBX 49.40 ($0.62) and last traded at GBX 49.40 ($0.62). Approximately 1,318,314 shares were traded during mid-day trading, an increase of 423% from the average daily volume of 252,123 shares. The stock had previously closed at GBX 52 ($0.66).

River and Mercantile Group Stock Down 5.0 %

The company has a current ratio of 2.90, a quick ratio of 0.98 and a debt-to-equity ratio of 2.92. The business has a fifty day moving average of GBX 49.40 and a two-hundred day moving average of GBX 49.40. The company has a market cap of £42.40 million and a price-to-earnings ratio of -22.45.

River and Mercantile Group Company Profile

River and Mercantile Group PLC is an asset management holding company. Through its subsidiaries, the firm engages in advisory, fiduciary management, long-term asset management, pension funds, derivative solutions, and equity solutions. It invests in the public equity markets across the globe. The firm uses a combination of fundamental and quantitative analysis to make its investments.