Mercer International Treasurer Genevieve Stannus Sells 2,000 Shares (MERC)
Mercer International (NASDAQ:MERC) Treasurer Genevieve Stannus unloaded 2,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $10.34, for a total value of $20,680.00. Following the transaction, the treasurer now directly owns 22,095 shares in the company, valued at approximately $228,462. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Mercer International (NASDAQ:MERC) traded down 2.63% on Tuesday, hitting $10.00. The stock had a trading volume of 31,748 shares. Mercer International has a 52 week low of $6.62 and a 52 week high of $11.41. The stock’s 50-day moving average is $10.42 and its 200-day moving average is $9.22. The company has a market cap of $641.5 million and a P/E ratio of 67.12.
Mercer International (NASDAQ:MERC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.10. On average, analysts predict that Mercer International will post $0.56 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at CIBC set a $8.50 price target on shares of Mercer International in a research note on Tuesday, August 5th. Separately, analysts at RBC Capital upgraded shares of Mercer International from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, August 5th. They now have a $14.00 price target on the stock, up previously from $10.00. Finally, analysts at Zacks downgraded shares of Mercer International from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. They now have a $12.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $10.75.
Mercer International Inc (NASDAQ:MERC) operates in the pulp business and is the producer of market northern bleached softwood kraft (NBSK) pulp.
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