Mercer International Inc (NASDAQ: MERC) has reported a loss for its third fiscal quarter (ending September 30) of $-0.26 versus a loss $-0.39 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $-2.83 compared to $-2.03 a year ago.
Recent Price Action
Mercer International Inc (NASDAQ: MERC) stock closed at $6.28 on 10/21/24 after a large decline of -6.3%. Trading volume in this decline was normal. The stock has declined -14.9% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
MERC is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Mercer International has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Mercer International has a good Appreciation Score of 76 but a very low Power Rating of 4, and the Negative Value Trend Rating results.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment