Mercer International (NASDAQ:MERC) (TSE:MRI.U) is scheduled to be announcing its earnings results after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of $0.40 per share for the quarter.
Shares of Mercer International (NASDAQ:MERC) opened at $13.00 on Thursday. The company has a market capitalization of $845.22, a price-to-earnings ratio of 18.06 and a beta of 1.52. Mercer International has a 52 week low of $10.45 and a 52 week high of $15.00. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.44 and a current ratio of 3.58.
In related news, Director Eric Lauritzen sold 2,100 shares of Mercer International stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $14.68, for a total value of $30,828.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David M. Gandossi sold 12,000 shares of Mercer International stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $12.84, for a total value of $154,080.00. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 141,257 shares of company stock worth $1,981,364 and have sold 385,100 shares worth $5,406,848. Insiders own 4.90% of the company’s stock.
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Mercer International Company Profile
Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.
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