The price of Mercury Systems Inc (NASDAQ:MRCY) shares last traded on Wall Street fell -0.95% to $31.18.
MRCY stock price is now 7.82% away from the 50-day moving average and -5.98% away from the 200-day moving average. The market capitalization of the company currently stands at $1.85B.
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With the price target reduced from $48 to $28, Truist Downgraded its rating from Buy to Hold for Mercury Systems Inc (NASDAQ: MRCY). On January 10, 2024, Goldman Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $37 to quote $24, while ‘Jefferies’ rates the stock as ‘Underperform’
In other news, Ratner Steven, EVP, CHRO sold 129 shares of the company’s stock on Feb 20 ’24. The stock was sold for $3,709 at an average price of $28.75. Upon completion of the transaction, the EVP, CHRO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16 ’24, EVP, CHRO Ratner Steven sold 1,895 shares of the business’s stock. A total of $55,988 was realized by selling the stock at an average price of $29.55. This leaves the insider owning 52,604 shares of the company worth $1.64 million. A total of 3.67% of the company’s stock is owned by insiders.
During the past 12 months, Mercury Systems Inc has had a low of $25.31 and a high of $43.84. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 4.58, and a quick ratio of 2.93. The fifty day moving average price for MRCY is $28.9532 and a two-hundred day moving average price translates $33.1379 for the stock.
The latest earnings results from Mercury Systems Inc (NASDAQ: MRCY) was released for 2021-07-02. According to the Aerospace & Defense Company, earnings per share came in at 0.11, missing analysts’ expectations of 0.59 by -0.48. This compares to $0.09 EPS in the same period last year. The net profit margin was -16.08% and return on equity was -8.91% for MRCY. The company reported revenue of $208.26 million for the quarter, compared to $263.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.96 percent. For the current quarter, analysts expect MRCY to generate $230.43M in revenue.
