Mercer International (MERC) : Traders are bullish on Mercer International (MERC) as it has outperformed the S&P 500 by a wide margin of 6.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.14%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.48% in the last 1 week, and is up 6.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.72% and the fifty day Moving Average is 3.05%. Mercer International Inc. has dropped 6.68% during the last three month period . Year-to-Date the stock performance stands at -4.69%.
Mercer International (MERC) : The most positive equity analysts on Mercer International (MERC) expects the shares to touch $13, whereas, the least positive believes that the stock will trade at $10 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $11.13 with an expected fluctuation of $1.32 from the mean.
Mercer International (NASDAQ:MERC): On Fridays trading session , Opening price of the stock was $8.48 with an intraday high of $8.57. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.28. However, the stock managed to close at $8.39, a loss of 1.06% for the day. On the previous day, the stock had closed at $8.48. The total traded volume of the day was 120,638 shares.
Mercer International Inc. (Mercer) operates in the pulp industry. The Company produces bleached softwood kraft (NBSK) pulp. It also produces pulp for resale, known as market pulp, in Germany. The Company generates and sells green energy to regional utilities. Its operations are located in Eastern Germany and Western Canada. It operates three NBSK pulp mills. The Companys wholly owned subsidiary, Rosenthal, owns and operates the Rosenthal mill, which has an annual production capacity of approximately 360,000 ADMTs and 57 MW of electrical generation. The Companys subsidiary, Stendal owns and operates the Stendal mill, which has an annual production capacity of approximately 660,000 ADMTs and 148 MW of electrical generation. The Companys wholly owned subsidiary, Celgar, owns and operates the Celgar mill, which is a NBSK pulp mill with an annual production capacity of approximately 520,000 ADMTs and 100 MW of electrical generation.