Marks Electrical Group (LON:MRK) Shares Down 3% – Should You Sell?

Shares of Marks Electrical Group PLC (LON:MRK) were down 3% during mid-day trading on Friday . The company traded as low as GBX 47.76 and last traded at GBX 48. Approximately 31,500 shares were traded during trading, a decline of 69% from the average daily volume of 100,136 shares. The stock had previously closed at GBX 49.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price objective on Marks Electrical Group from GBX 73 to GBX 51 and set a “buy” rating for the company in a research report on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 51.

Marks Electrical Group Trading Down 3.0%

The business’s fifty day simple moving average is GBX 53.55 and its two-hundred day simple moving average is GBX 57.48. The stock has a market capitalization of £50.05 million, a P/E ratio of -34.78 and a beta of 0.73. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 8.42.

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.