Marks Electrical Group (LON:MRK) Shares Down 0.3% – Here’s Why

Shares of Marks Electrical Group PLC (LON:MRK) were down 0.3% during mid-day trading on Thursday . The stock traded as low as GBX 45.38 and last traded at GBX 45.38. 4,128 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 40,117 shares. The stock had previously closed at GBX 45.50.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Shore Capital Group reissued a “hold” rating and set a GBX 50 price target on shares of Marks Electrical Group in a research note on Friday, June 19th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 55 price objective on shares of Marks Electrical Group in a research note on Friday, June 19th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 52.50.

Marks Electrical Group Stock Down 0.3%

The company has a debt-to-equity ratio of 18.87, a current ratio of 1.49 and a quick ratio of 0.62. The company’s 50-day simple moving average is GBX 45.46 and its 200 day simple moving average is GBX 46.89. The firm has a market cap of £47.21 million, a P/E ratio of -113.45 and a beta of 0.58.

Marks Electrical Group (LON:MRK) last posted its earnings results on Monday, June 22nd. The company reported GBX (40) earnings per share for the quarter. The business had revenue of £107.93 million during the quarter. Marks Electrical Group had a negative return on equity of 4.18% and a negative net margin of 0.39%. Research analysts anticipate that Marks Electrical Group PLC will post 3.5523979 EPS for the current fiscal year.

About Marks Electrical Group

Marks Electrical Group PLC, together with its subsidiary, engages in the supply of domestic electrical appliances and consumer electronics in the United Kingdom. The company also provides removal and recycling of packaging; collection and recycling of old appliances; and extended warranties and installation services. It sells its products through online platform. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021. Marks Electrical Group PLC was founded in 1987 and is headquartered in Leicester, United Kingdom.