MERC International (MERC, Financial) experienced significant stock movement with a sharp drop of 5.01%. The stock is currently priced at $7.01 per share, with a trading volume of 133,107 shares and a turnover rate of 0.20%. The stock's price fluctuation is noted at 5.28%.
Recent financial reports reveal that MERC International generated $499 million in revenue but reported a net loss of $67.59 million, equating to an earnings per share (EPS) of -$1.01. The company's gross profit stood at $20.29 million, with a price-to-earnings (P/E) ratio of -2.36. Currently, no institutional ratings for buying, holding, or selling this stock are available.
Within the paper products industry, which saw an overall decline of 2.07%, other stocks such as Clearwater Paper, Suzano SA, and Sylvamo Corporation experienced gains. MERC, alongside Clearwater Paper and Internet Tech Packaging, showed active trading, with turnover rates of 0.54%, 0.47%, and 0.20% respectively. Stocks with significant price swings include Internet Tech Packaging, PH Glatfelter, and MERC, with fluctuations of 14.53%, 5.50%, and 5.22%.
MERC International is a forest products company with operations divided into the Pulp and Solid Wood segments. The Pulp segment focuses on the production, sale, and distribution of pulp, power, and chemicals. The Solid Wood segment deals with lumber, finished wood pallets, power, biofuels, and wood residues from sawmills. The majority of the company’s revenue is generated in the United States, primarily from the Pulp segment.
