Mercer International (NASDAQ:MERC) Share Price Passes Above Two Hundred Day Moving Average of $9.39

Shares of Mercer International Inc. (NASDAQ:MERCGet Free Report) (TSE:MRI.U) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.39 and traded as high as $9.78. Mercer International shares last traded at $9.50, with a volume of 145,832 shares trading hands.

Analyst Ratings Changes

Several equities analysts have issued reports on MERC shares. TD Securities upped their price target on shares of Mercer International from $10.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Royal Bank of Canada increased their price target on Mercer International from $9.00 to $10.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. StockNews.com raised Mercer International from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Finally, Raymond James raised their price target on shares of Mercer International from $8.50 to $10.50 and gave the stock a “market perform” rating in a report on Friday, April 19th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, Mercer International has an average rating of “Hold” and an average target price of $9.67.

View Our Latest Stock Analysis on Mercer International

Mercer International Stock Performance

The firm has a market capitalization of $635.08 million, a P/E ratio of -2.77 and a beta of 1.36. The stock has a fifty day simple moving average of $10.02 and a two-hundred day simple moving average of $9.39. The company has a debt-to-equity ratio of 2.82, a current ratio of 3.74 and a quick ratio of 2.38.

Mercer International (NASDAQ:MERCGet Free Report) (TSE:MRI.U) last released its earnings results on Thursday, May 9th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter. Mercer International had a negative net margin of 11.27% and a negative return on equity of 26.21%. The company had revenue of $553.43 million for the quarter. On average, research analysts predict that Mercer International Inc. will post -0.56 EPS for the current year.

Mercer International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, June 26th. This represents a $0.30 annualized dividend and a yield of 3.16%. Mercer International’s payout ratio is currently -8.75%.

Institutional Investors Weigh In On Mercer International

Several hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in shares of Mercer International by 17.5% in the fourth quarter. SG Americas Securities LLC now owns 40,488 shares of the basic materials company’s stock valued at $384,000 after buying an additional 6,042 shares in the last quarter. Amalgamated Bank lifted its position in Mercer International by 19.6% in the 3rd quarter. Amalgamated Bank now owns 13,291 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 2,182 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Mercer International during the 1st quarter valued at about $193,000. Finally, Everence Capital Management Inc. bought a new stake in Mercer International during the 1st quarter worth approximately $261,000. Institutional investors own 85.79% of the company’s stock.

About Mercer International

(Get Free Report)

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills.

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