Marks Electrical Group (LON:MRK) Hits New 12-Month Low – Should You Sell?

Marks Electrical Group PLC (LON:MRK) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 46 and last traded at GBX 46.70, with a volume of 318601 shares. The stock had previously closed at GBX 48.50.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MRK. Shore Capital started coverage on Marks Electrical Group in a research note on Thursday. They issued a “hold” rating and a GBX 50 price target on the stock. Canaccord Genuity Group lowered their price objective on shares of Marks Electrical Group from GBX 73 to GBX 51 and set a “buy” rating for the company in a research note on Thursday, September 25th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 50.50.

Marks Electrical Group Stock Performance

The company has a debt-to-equity ratio of 8.42, a current ratio of 1.59 and a quick ratio of 0.62. The company has a fifty day moving average price of GBX 52.35 and a 200 day moving average price of GBX 57.12. The stock has a market cap of £47.96 million, a P/E ratio of -33.33 and a beta of 0.73.

Marks Electrical Group (LON:MRK) last posted its quarterly earnings results on Thursday, November 13th. The company reported GBX (0.31) earnings per share (EPS) for the quarter. Marks Electrical Group had a net margin of 0.37% and a return on equity of 3.05%. On average, equities analysts expect that Marks Electrical Group PLC will post 3.5523979 EPS for the current year.

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.