The company is up since yesterday’s close of $45.68. The stock last traded at $47.06 quite a bit above the 50 day moving average which is $43.54 and much higher than the 200 day moving average of $39.49. The 50 day moving average was up by +8.09% and the 200 day average went up by +19.17%.
Mercury Systems Inc (NASDAQ:MRCY) has been the object of insider selling activity recently. Mark Aslett, President and CEO reported the sale of 9,600 shares. The shares were sold on June 2nd for a price of $39.54. Aslett now owns $21,472,157 of the stock according to the SEC filing.
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..
Here are a few additional firms who have increased or decreased their stake in (MRCY). As of quarter end Dimensional Fund Advisors Lp had sold a total of 41,363 shares trimming its position 2.1%. The value of the company’s investment in Mercury Systems Inc went from $76,086,000 to $80,268,000 a change of $4,182,000 quarter to quarter. As of the end of the quarter Cortina Asset Management, LLC had disposed of 112,796 shares trimming its stake by 18.4%. The value in dollars decreased from $23,895,000 to $21,007,000 decreasing 12.1% quarter over quarter.
As of the end of the quarter Penn Capital Management Co Inc had acquired 37,870 shares growing its holdings by 11.3%. The value of the total investment in Mercury Systems Inc went from $17,318,000 to $15,884,000 a change of 8.3% since the last quarter. As of quarter end Rk Capital Management, LLC had disposed of a total of 60,500 shares trimming its position 15.6%. The value of the investment in MRCY went from $15,128,000 to $13,759,000 decreasing 9.0% for the reporting period.
The P/E ratio is 81.14 and the market value is 2.17B. In the latest earnings report the EPS was $0.58 and is expected to be $1.24 for the current year with 46,210,000 shares now outstanding. Next quarter’s EPS is estimated at $0.29 with next year’s EPS anticipated to be $1.45.