Made Tech Group (LON:MTEC) Announces Quarterly Earnings Results

Made Tech Group (LON:MTEC) posted its earnings results on Tuesday. The company reported GBX 2.38 earnings per share (EPS) 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%

MTEC stock traded down GBX 0.92 during mid-day trading on Tuesday, hitting GBX 49.58. 2,497,525 shares of the company were exchanged, compared to its average volume of 593,664. The business has a fifty day simple moving average of GBX 42.12 and a 200-day simple moving average of GBX 39.41. The firm has a market capitalization of £74.02 million, a P/E ratio of 42.74 and a beta of 1.06. Made Tech Group has a 12-month low of GBX 26 and a 12-month high of GBX 54. The company has a quick ratio of 2.95, a current ratio of 3.06 and a debt-to-equity ratio of 8.21.

Analyst Ratings Changes

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