Mercury Systems (NASDAQ:MRCY) Hits New 1-Year Low at $45.01

Mercury Systems, Inc. (NASDAQ:MRCY)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $45.01 and last traded at $45.01, with a volume of 357 shares. The stock had previously closed at $46.43.

MRCY has been the subject of a number of research reports. Truist downgraded Mercury Systems from a “buy” rating to a “hold” rating and decreased their target price for the stock from $90.00 to $65.00 in a report on Wednesday, August 4th. TheStreet downgraded Mercury Systems from a “b-” rating to a “c+” rating in a report on Monday, August 23rd. Bank of America downgraded Mercury Systems from a “buy” rating to an “underperform” rating and set a $56.00 price target for the company. in a report on Friday, August 20th. Robert W. Baird downgraded Mercury Systems from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $80.00 to $56.00 in a report on Wednesday, August 4th. Finally, Truist Securities downgraded Mercury Systems from a “buy” rating to a “hold” rating and decreased their price target for the company from $90.00 to $65.00 in a report on Wednesday, August 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $72.36.

The firm has a market capitalization of $2.58 billion, a PE ratio of 40.46, a PEG ratio of 3.86 and a beta of 0.95. The stock has a 50-day moving average price of $54.93 and a 200 day moving average price of $63.70. The company has a quick ratio of 2.79, a current ratio of 4.26 and a debt-to-equity ratio of 0.13.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, August 3rd. The technology company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.16. Mercury Systems had a return on equity of 7.72% and a net margin of 6.71%. The firm had revenue of $250.84 million during the quarter, compared to analysts’ expectations of $242.75 million. As a group, equities analysts predict that Mercury Systems, Inc. will post 1.98 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of MRCY. Logan Capital Management Inc. purchased a new stake in shares of Mercury Systems during the first quarter worth approximately $25,000. Strategic Blueprint LLC purchased a new stake in shares of Mercury Systems during the second quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Mercury Systems during the second quarter worth approximately $41,000. First Horizon Advisors Inc. purchased a new stake in Mercury Systems in the 1st quarter valued at $46,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Mercury Systems in the 2nd quarter valued at $68,000. Hedge funds and other institutional investors own 92.60% of the company’s stock.

About Mercury Systems (NASDAQ:MRCY)

Mercury Systems, Inc is a global commercial technology company, which serves the aerospace and defense industry. It offers products through the following categories: Components, Modules and Sub-Assemblies, and Integrated Subsystems. The Components category refers to technology elements performing a single, discrete technological function, which when physically combined with other components may be used to create a module or sub-assembly.

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