Merit Group (LON:MRIT) Hits New 52-Week Low – Should You Sell?

Merit Group plc (LON:MRIT)’s stock price hit a new 52-week low on Thursday . The company 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).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 105 ($1.32) price target on shares of Merit Group in a research report on Wednesday, November 13th.

Merit Group Price Performance

The business has a 50-day simple moving average of GBX 50.90 and a two-hundred day simple moving average of GBX 66.87. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 14.17. The stock has a market capitalization of £7.91 million, a P/E ratio of 1,650.00 and a beta of 0.18.

Merit Group Company Profile

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.