Made Tech Group (LON:MTEC) Shares Down 1.4%

Made Tech Group Plc (LON:MTEC) shares dropped 1.4% during mid-day trading on Wednesday . The stock traded as low as GBX 16.59 ($0.21) and last traded at GBX 17 ($0.22). Approximately 1,662,131 shares were traded during trading, an increase of 63% from the average daily volume of 1,019,421 shares. The stock had previously closed at GBX 17.25 ($0.22).

Made Tech Group Price Performance

The company has a current ratio of 2.93, a quick ratio of 2.95 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of £24.63 million, a P/E ratio of -1,650.00 and a beta of 0.85. The company has a fifty day simple moving average of GBX 12.13 and a two-hundred day simple moving average of GBX 11.22.

Insider Transactions at Made Tech Group

In other news, insider Neil Elton purchased 209,937 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price of GBX 14 ($0.18) per share, for a total transaction of £29,391.18 ($37,355.34). 48.09% of the stock is currently owned by insiders.

Made Tech Group Company Profile

Made Tech Group Plc provides digital, data, and technology services to the public sector in the United Kingdom. It offers digital delivery, embedded capabilities, data infrastructure and insights, and legacy application transformation services. The company provides services that enable central government, healthcare, and local government organizations to digitally transform.