Merit Group (LON:MRIT) Hits New 52-Week Low – Here’s What Happened

Merit Group plc (LON:MRIT) hit a new 52-week low on Monday . The stock traded as low as GBX 30 ($0.38) and last traded at GBX 30 ($0.38), with a volume of 4481 shares traded. The stock had previously closed at GBX 33 ($0.42).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 105 ($1.34) target price on shares of Merit Group in a report on Wednesday, November 13th.

Merit Group Stock Performance

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 company has a 50 day moving average price of GBX 42.67 and a 200 day moving average price of GBX 63.92. The company has a market capitalization of £7.67 million, a PE ratio of 1,600.00 and a beta of 0.18.

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.