Marks Electrical Group (LON:MRK) Announces Earnings Results

Marks Electrical Group (LON:MRK) issued its quarterly earnings data on Monday. The company reported GBX (40) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Marks Electrical Group had a negative net margin of 0.39% and a negative return on equity of 4.18%. The firm had revenue of £107.93 million during the quarter.

Marks Electrical Group Price Performance

Shares of LON MRK opened at GBX 45.25 on Wednesday. Marks Electrical Group has a fifty-two week low of GBX 42 and a fifty-two week high of GBX 63. The business has a 50 day moving average price of GBX 48.51 and a two-hundred day moving average price of GBX 47.07. The company has a quick ratio of 0.62, a current ratio of 1.49 and a debt-to-equity ratio of 18.87. The firm has a market cap of £47.18 million, a PE ratio of -43.93 and a beta of 0.57.

Wall Street Analysts Forecast Growth

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

Marks Electrical Group Company Profile

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.