Mercer International Inc. (NASDAQ:MERC) has been downgraded to Hold in a statement by TheStreet earlier today.
- Updated: September 17, 2016
Just yesterday Mercer International Inc. (NASDAQ:MERC) traded 1.42% higher at $8.22. Mercer International Inc.’s 50-day moving average is $8.26 and its two hundred day average is $8.63. With the last stock price close down 0.32% from the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. Volume of trade was was up over the average, with 233,178 shares of MERC changing hands over the typical 153,131 shares..
TheStreet has downgraded Mercer International Inc.(NASDAQ:MERC) to Hold in a statement released Wednesday August 17 2016.
Also covering Mercer International Inc.’s target price, a total of 7 analysts have released a research note on MERC. The consensus target price is $12.50 with one firm rating the stock a strong buy, six firms rating the company a buy, 0 analysts rating the stock a hold, 0 rating the company to underperform, and lastly 0 brokerages rating the company as sell.
Mercer International Inc. has a PE of 11 with a 52 week low of $5.95 and a 52 week high of $11.68. Mercer International Inc.’s market capitalization is presently $0.0.
General Information About Mercer International Inc. (NASDAQ:MERC)
Mercer International Inc. is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source. The Company operates over two mills in Eastern Germany and approximately one mill in Western Canada. The Company’s NBSK pulp mills include Rosenthal mill, which is located in the town of Blankenstein, Germany, approximately 300 kilometers south of Berlin; Stendal Mill, which is located near the town of Stendal, Germany, approximately 130 kilometers west of Berlin, and Celgar Mill, which is located near the city of Castlegar, British Columbia, Canada, and over 600 kilometers east of Vancouver. The Company’s NBSK pulp mills has an annual production capacity of approximately 1.5 million air-dried metric tons (ADMTs) of NBSK pulp and generates over 305 megawatts (MW) of electricity.
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