Marks Electrical Group (LON:MRK) Stock Price Up 1.1% – Here’s Why

Shares of Marks Electrical Group PLC (LON:MRK) were up 1.1% during mid-day trading on Monday . The company traded as high as GBX 46.50 and last traded at GBX 46.50. Approximately 200 shares were traded during trading, a decline of 100% from the average daily volume of 117,397 shares. The stock had previously closed at GBX 46.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Canaccord Genuity Group dropped their price objective on Marks Electrical Group from GBX 73 to GBX 51 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Shore Capital began coverage on Marks Electrical Group in a research report on Thursday, November 13th. They issued a “hold” rating and a GBX 50 price target on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 50.50.

Marks Electrical Group Price Performance

The stock has a market cap of £47.96 million, a price-to-earnings ratio of -44.66 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 company’s 50-day moving average is GBX 46.40 and its 200-day moving average is GBX 54.04.

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 net margin of 0.37% and a return on equity of 3.05%. Equities research analysts expect that Marks Electrical Group PLC will post 3.5523979 earnings per share for the current fiscal 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. 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.