Mercury Systems (NASDAQ:MRCY) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Mercury Systems, Inc. (NASDAQ:MRCY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.84 and traded as high as $34.11. Mercury Systems shares last traded at $33.66, with a volume of 268,810 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MRCY. Royal Bank of Canada increased their target price on Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target on the stock in a research report on Monday, August 19th. JPMorgan Chase & Co. lifted their price objective on shares of Mercury Systems from $26.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Finally, Truist Financial upped their price objective on Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.50.

Mercury Systems Stock Down 0.4 %

The company has a quick ratio of 2.64, a current ratio of 4.07 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.98 billion, a PE ratio of -14.26 and a beta of 0.70. The firm has a fifty day moving average of $36.32 and a 200 day moving average of $32.91.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.32. The business had revenue of $248.56 million for the quarter, compared to the consensus estimate of $223.80 million. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. On average, equities research analysts anticipate that Mercury Systems, Inc. will post -0.52 EPS for the current fiscal year.

Insider Transactions at Mercury Systems

In related news, EVP Stephanie Georges sold 1,340 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $52,916.60. Following the transaction, the executive vice president now directly owns 32,259 shares of the company’s stock, valued at $1,273,907.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Stephanie Georges sold 1,340 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $52,916.60. Following the completion of the sale, the executive vice president now directly owns 32,259 shares of the company’s stock, valued at $1,273,907.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Charles Roger Iv Wells sold 1,346 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $53,153.54. Following the transaction, the chief operating officer now owns 130,408 shares in the company, valued at $5,149,811.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,099 shares of company stock worth $865,740. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Mercury Systems

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC increased its stake in Mercury Systems by 144.0% in the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after purchasing an additional 393 shares during the period. Nisa Investment Advisors LLC raised its stake in Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,070 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in Mercury Systems by 216.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after acquiring an additional 1,622 shares during the period. nVerses Capital LLC purchased a new position in shares of Mercury Systems in the 2nd quarter valued at approximately $81,000. Finally, Quest Partners LLC grew its stake in shares of Mercury Systems by 10,995.5% in the 2nd quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock valued at $132,000 after purchasing an additional 4,838 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

About Mercury Systems

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.