Mercer International Stock Gaps Up On Today's Open (MERC)
Shares of Mercer International (Nasdaq:MERC) were gapping up Tuesday morning with an open price 10.1% higher than Monday closing price. The stock closed at $11.95 yesterday and opened today's trading at $13.16.
NEW YORK ( TheStreet) -- Shares of Mercer International (Nasdaq: MERC) were gapping up Tuesday morning with an open price 10.1% higher than Monday's closing price. The stock closed at $11.95 Monday and opened today's trading at $13.16. The average volume for Mercer International has been 387,300 shares per day over the past 30 days. Mercer International has a market cap of $478.7 million and is part of the consumer goods sector and consumer non-durables industry. Mercer International Inc., together with its subsidiaries, manufactures and sells pulp produced from wood chips and pulp logs. Its products include northern bleached softwood kraft (NBSK) pulp, kraft pulp, and market pulp. TheStreet Ratings rates Mercer International as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full Mercer International Ratings Report.