Mercury Systems Inc (MRCY) Hits a New 52-Week High


The company is so far trading up by 3.02% since yesterday’s close of $45.68. Shares last traded at $47.06 much higher than the 50 day moving average which is $43.54 and which is significantly above the 200 day moving average of $39.49. The 50 day moving average moved up $3.52 and the 200 day average went up $7.57 or +19.17%.

Mercury Systems Inc (NASDAQ:MRCY) has been the object of insider selling activity recently. President and CEO Mark Aslett sold 9,600 shares at a price of $39.54 on Fri the 2nd. That brings Aslett’s holdings to $21,472,157 as reported to the SEC.

Mercury Systems, Inc., launched on July 14, 1981, is a commercial provider of secure processing subsystems designed and made in the United States. The Business’s solutions support a range of defense and intelligence programs. The Business’s technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components. In addition, the Company designs and builds RF and microwave components and subsystems to meet the needs of the electronic warfare (EW), signals intelligence (SIGINT) and other high bandwidth communications requirements and applications. The Company also offers solutions in mission computing, safety-critical avionics and platform management..

These firms have also modified their investment in MRCY. As of the end of the quarter Dimensional Fund Advisors Lp had disposed of a total of 41,363 shares trimming its holdings by 2.1%. The value of the investment in Mercury Systems Inc increased from $76,086,000 to $80,268,000 a change of $4,182,000 quarter over quarter. As of quarter end Cortina Asset Management, LLC had sold 112,796 shares trimming its position 18.4%. The value of the investment in MRCY went from $23,895,000 to $21,007,000 decreasing 12.1% quarter to quarter.

As of the end of the quarter Penn Capital Management Co Inc had acquired 37,870 shares growing its stake by 11.3%. The value in dollars decreased from $17,318,000 to $15,884,000 a change of 8.3% for the reporting period. As of the end of the quarter Rk Capital Management, LLC had sold 60,500 shares trimming its position 15.6%. The value of the investment in (MRCY) decreased from $15,128,000 to $13,759,000 decreasing 9.0% since the last quarter.

The P/E ratio is 81.14 and the market cap is 2.17B. As of the latest earnings report the EPS was $0.58 and is estimated to be $1.24 for the current year with 46,210,000 shares outstanding. Next quarter’s EPS is forecasted at $0.29 and the next full year EPS is projected to be $1.45.