Marks Electrical Group PLC (LON:MRK) Insider Sells £42,895.30 in Stock

Marks Electrical Group PLC (LON:MRK) insider Joshua E. T. A. Egan sold 61,279 shares of the stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of GBX 70 ($0.90), for a total transaction of £42,895.30 ($54,944.67).

Marks Electrical Group Price Performance

Shares of LON:MRK opened at GBX 70 ($0.90) on Friday. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 6.38. The stock’s fifty day simple moving average is GBX 69.07 and its two-hundred day simple moving average is GBX 72.47. Marks Electrical Group PLC has a 1-year low of GBX 64.50 ($0.83) and a 1-year high of GBX 110 ($1.41). The stock has a market cap of £73.47 million, a PE ratio of 1,747.50 and a beta of 0.79.

Marks Electrical Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be paid a dividend of GBX 0.66 ($0.01) per share. The ex-dividend date is Thursday, July 11th. This is a boost from Marks Electrical Group’s previous dividend of $0.30. This represents a yield of 0.94%. Marks Electrical Group’s dividend payout ratio (DPR) is 2,500.00%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Shore Capital reaffirmed a “buy” rating on shares of Marks Electrical Group in a research note on Tuesday, April 16th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 100 ($1.28) target price on shares of Marks Electrical Group in a report on Tuesday, April 16th.

About Marks Electrical Group

Marks Electrical Group PLC operates as an electrical retailer in the United Kingdom. It sells, delivers, and installs domestic electrical appliances, consumer electronics, and warranty products. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021.