Home / Consumer Goods / With a Rise of 3.42%, Mercer International Inc. (MERC) a Leading Consumer Goods Stocks in Early Trading on September 22

With a Rise of 3.42%, Mercer International Inc. (MERC) a Leading Consumer Goods Stocks in Early Trading on September 22

Mercer International Inc. (MERC) is one of the best performing stocks in the consumer goods sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of MERC have climbed 3.42% about 30 minutes into the session to $8.91 after closing the day prior at $8.62. It’s early, but the stock has traded as high as $8.94 and as low as $8.65 so far. Today’s quick advance has come with about 9,343 shares changing hands, compared to an average 30-day volume of 139,685 for Mercer International Inc.. The price is currently below the 30-day volume weighted average price of $8.87 for MERC.

The share appreciation gives the company a market capitalization of $564.78 million based upon 64.69 million shares outstanding. It also means that MERC has a price-to-book ratio of 1.45:1 and a price-to-earnings ratio of 11.7:1.

In the past 52 weeks, shares of MERC have traded as low as $5.949 and as high as $11.68. Technical traders will take note that at $8.91, shares of MERC are trading above their 200-day MA at $8.37 and above their 50-day MA at $8.31. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is MERC?

Mercer International Inc operates in the pulp business and its operations are located in Germany and Western Canada. The Company is a producer of market northern bleached softwood kraft, or NBSK, pulp in the world. The company’s 1469 employees are led by CEO David M. Gandossi from the corporate headquarters at 700 West Pender Street.

For more information on MERC and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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