Mercer International Inc. (MERC, Financial) experienced a notable stock movement with a significant rise of 5.07%. The stock is currently priced at $6.42 per share, with a trading volume of 150,825 shares, reflecting a turnover rate of 0.23% and a volatility of 5.73%.
Recent financial reports indicate that Mercer International achieved a revenue of $502 million, but faced a net loss of $17.60 million. The company has an undefined earnings per share, a missing gross margin, and a price-to-earnings ratio of -2.16. Currently, there are no institutional ratings available for buy, hold, or sell recommendations on the stock.
In the broader paper product industry, the overall increase was 0.32%. Within the sector, Mercer International, Sylvamo Corporation, and Clearwater Paper Corporation showed notable gains. Mercer International, along with PH Glatfelter and Clearwater Paper, recorded high trading activity. Stocks with significant volatility included Internet Technological Packaging, Mercer International, and PH Glatfelter, showing respective volatilities of 8.48%, 5.73%, and 5.17%.
Mercer International operates primarily in the forest products sector, with segments in pulp and solid wood. The pulp segment involves the manufacturing, sales, and distribution of pulp, electricity, and chemicals. The solid wood segment deals with timber, wood pallets, electricity, biofuels, and wood residuals from sawmills in Germany and the USA. The company's operations are global, with the majority of its revenue generated from the United States, and the pulp segment contributing a significant portion of its income.
