Mercer International Stock Falls On Unusually High Volume (MERC)
Mercer International (Nasdaq:MERC) is trading at unusually high volume Thursday with 1.7 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 60 cents (-5.6%).
NEW YORK ( TheStreet) -- Mercer International (Nasdaq: MERC) is trading at unusually high volume Thursday with 1.7 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 60 cents (-5.6%) at $10.08 as of 3:56 p.m. ET. Mercer International has a market cap of $503.2 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 37.8% year to date as of the close of trading on Wednesday. Mercer International Inc., together with its subsidiaries, manufactures and sells pulp produced from wood chips and pulp logs. The company offers northern bleached softwood kraft (NBSK) pulp and market pulp. Mercer International sells its products primarily in Europe, Asia, and North America. 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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.