Made Tech Group (LON:MTEC) Releases Earnings Results

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

Made Tech Group Stock Down 1.8%

Shares of MTEC traded down GBX 0.92 during trading hours on Tuesday, reaching GBX 49.58. The stock had a trading volume of 2,497,525 shares, compared to its average volume of 593,664. The firm has a 50-day simple moving average of GBX 42.12 and a 200 day simple moving average of GBX 39.41. Made Tech Group has a 12 month low of GBX 26 and a 12 month high of GBX 54. The company has a current ratio of 3.06, a quick ratio of 2.95 and a debt-to-equity ratio of 8.21. The company has a market capitalization of £74.02 million, a price-to-earnings ratio of 42.74 and a beta of 1.06.

Analyst Upgrades and Downgrades

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

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