Made Tech Group (LON:MTEC) Issues Earnings Results

Made Tech Group (LON:MTEC) issued its quarterly earnings data on Tuesday. The company reported GBX 2.38 earnings per share for the quarter, Digital Look Earnings reports. Made Tech Group had a return on equity of 12.27% and a net margin of 3.52%.

Made Tech Group Trading Down 1.8%

Shares of Made Tech Group stock traded down GBX 0.92 on Tuesday, reaching GBX 49.58. The company had a trading volume of 2,497,525 shares, compared to its average volume of 593,664. The firm’s 50 day moving average price is GBX 42.39 and its two-hundred day moving average price is GBX 39.49. The company has a debt-to-equity ratio of 8.21, a quick ratio of 2.95 and a current ratio of 3.06. Made Tech Group has a 52-week low of GBX 26 and a 52-week high of GBX 54. The firm has a market cap of £74.02 million, a PE ratio of 42.74 and a beta of 1.06.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their target price on Made Tech Group from GBX 60 to GBX 70 and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 70.

About Made Tech Group

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. It serves central and local government, housing, health and care, transport, and education; police, justice, and emergency; and space, defense, and security sectors.