Mercer International Inc. (NASDAQ:MERC) has been upgraded to Hold in a report by Zacks Investment Research today.
- Updated: September 28, 2016
Displaying a price of $8.39, Mercer International Inc. (NASDAQ:MERC) traded 0.96% higher on the day. The last closing price is down -2.48% from the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same period. MERC has recorded a 50-day moving average of $8.41 and a 200-day moving average of $8.60. Trading volume was down over the average, with 79,861 shares of MERC changing hands under the typical 147,780
Zacks Investment Research has upgraded Mercer International Inc. (NASDAQ:MERC) to Hold in a statement released on Thursday September 29, 2016.
With a market capitalization of $0, Mercer International Inc. has PE ratio of 10.83 with a one year low of $5.95 and a one year high of $11.68 .
A total of 7 analysts have released a research note on MERC. One analyst rating the company a strong buy, 6 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $12.50.
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, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.