Mercer International Treasurer Sells $20,680 in Stock (MERC)
Mercer International (NASDAQ:MERC) Treasurer Genevieve Stannus unloaded 2,000 shares of Mercer International stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $10.34, for a total transaction of $20,680.00. Following the sale, the treasurer now directly owns 22,095 shares in the company, valued at approximately $228,462. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
MERC has been the subject of a number of recent research reports. 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Mercer International currently has an average rating of “Hold” and an average price target of $10.75.
Shares of Mercer International (NASDAQ:MERC) traded up 2.68% during mid-day trading on Wednesday, hitting $10.34. The stock had a trading volume of 115,655 shares. Mercer International has a 1-year low of $6.62 and a 1-year high of $11.41. The stock’s 50-day moving average is $10.41 and its 200-day moving average is $9.2. The company has a market cap of $663.4 million and a P/E ratio of 65.82.
Mercer International (NASDAQ:MERC) last released its earnings data on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.10. Analysts expect that Mercer International will post $0.56 EPS for the current fiscal year.
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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