NEWS Roundup: Mercury Systems, Inc. (NASDAQ: MRCY)

Technology

Shares of Mercury Systems, Inc. (NASDAQ: MRCY) were transacted with a volume of 323370 shares in last trading period as compared to its average volume of 463.76K shares over last three months period. The stock price scored 1.27% and valued at $56.45. Its 52 week price range is $ 30.11 – 55.90.

The price moved ahead 8.10% from the mean of 20 days, 21.59% from 50 and separated 25.31% from 200 days average price. Its price volatility for a month and for a week remained 2.35% 2.56% respectively. It noted beta of 0.53. Company’s price to sales ratio for last 12 months was 5.53 while its price to book ratio for the most recent quarter was 3.42 and its Market Cap valued at $2.73B.

Mercury Systems, Inc. (NASDAQ: MRCY) reported that it received a $6.7 million follow-on order from a leading defense prime contractor for BuiltSECURE™ high-density secure memory devices to be integrated into the command, control and intelligence system of an advanced airborne platform. The order was booked in the Company’s fiscal 2019 first quarter and is expected to be shipped over the next several quarters.

The Company’s BuiltSECURE technology transforms a two-dimensional array of discrete memory devices into a single, vertically-integrated memory module offering enhanced ruggedization for extreme operating environments. With space savings up to 85% enabled by this innovation, system architects can integrate larger memory capacities to support processing-intensiv applications while simultaneously reducing the overall footprint of the system.  BuiltSECURE memory devices are designed and manufactured in the Company’s Phoenix, Ariz. Advanced Microelectronics Center (AMC).

Iain Mackie, Vice President and General Manager of Mercury’s Microelectronics Secure Solutions group said “Our Advanced Microelectronics Center is honored to receive this follow-on order for space-saving, high-speed memory devices designed to withstand the harshest operating environments encountered by our warfighters”. “Receiving this order further reaffirms Mercury’s leadership position in the design and manufacturing of state-of-the-art, SWaP-optimized digital microelectronics in a safe, secure and trusted environment.”

Cesar Melton is an author, journalist and CEO of mosttradedstocks.com, a leading stocks and markets website. He has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. He has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. Cesar has always been interested in the stock market and how it behaves.

As the dad of two children, he’s made saving money and investing for them a high priority. Over many years of investing, he has made some wise choices and he’s made many mistakes. But he’s learned from both. Mr. Cesar observations and experience give him the insight to stock market patterns and the investor behaviors that create them.

Email: Cesar@mosttradedstocks.com 

Leave a Reply