Marks Electrical Group (LON:MRK) Hits New 52-Week Low – Time to Sell?

Marks Electrical Group PLC (LON:MRK)’s share price hit a new 52-week low during trading on Monday . The company traded as low as GBX 44 and last traded at GBX 44, with a volume of 8000 shares changing hands. The stock had previously closed at GBX 45.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Shore Capital assumed coverage on shares of Marks Electrical Group in a report on Thursday, November 13th. They issued a “hold” rating and a GBX 50 price objective for the company. Canaccord Genuity Group dropped their price target 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 50.50.

Marks Electrical Group Price Performance

The stock has a market capitalization of £45.88 million, a price-to-earnings ratio of -42.72 and a beta of 0.73. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 8.42. The stock has a fifty day moving average of GBX 48.22 and a 200-day moving average of GBX 55.67.

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

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.