Mercury Systems (NASDAQ:MRCY) Downgraded to 'Sell' at StockNews.com

Investors received a Friday note that changed the rating from 'hold' to'sell'.

MRCY was also the subject of recent comments from other analysts. Royal Bank of Canada reduced their Mercury Systems price target from $54.00 down to $45.00 on Wednesday, 3rd May. Jefferies Financial Group raised their Mercury Systems price target from $50.00 up to $55.00 in a report published on Monday, 6th February. The company was also given a "hold" rating. Truist Financial lowered their Mercury Systems price target from $69.00 down to $58.00 in a report on May 3rd. Three analysts have given the stock a hold rating, while one analyst has given it a buy. During Friday's midday trading, a share of vantage gained $0.85 to reach $41.03. Stock of the company traded at 217,728 versus its average of 327 110 shares. The company's debt-to equity ratio is 0.33. It has a current rate of 4.26, and a fast ratio of 2.70. The company's moving average for the past 50 days is $45.45, and its moving average over the last 200 days is $48.05.

Inflows of Institutional Capital and Outflows

Recently, hedge funds increased or decreased their stakes. Starboard Value LP purchased a new Mercury Systems stake during the first quarter, valued at approximately $230.973,000. Invesco Ltd. increased its position in Mercury Systems during the first quarter by 218.0%. Invesco Ltd. owns now 720,322 of the stock of the technology firm, worth $46,425,000, after purchasing an additional 493,801 shares. ExodusPoint Capital Management LP purchased a new Mercury Systems stake during the first quarter, valued at approximately $21,011,000. State Street Corp increased its stake in Mercury Systems from 16.1% to $11,011,000 during the third quarter. State Street Corp owns now 2,765,679 of the stock of the technology firm, worth $112287,000. This is after purchasing an additional 382,507 during the period. Emerald Advisers LLC also acquired a stake in Mercury Systems worth about $14,405,000 during the fourth quarter. Hedge funds, other institutional investors and pension funds own 98.41%.

Mercury Systems Company Profile

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Mercury Systems, Inc. is a commercial technology company that serves the aerospace and defence industry. Mercury Systems, Inc. offers its products in three categories: Modules and sub-assemblies; and Integrated Subsystems. The Components section refers to elements of technology that perform a discrete, single-function technological function. When physically combined with another component, they can be used to create modules or subassemblies.

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