Tekmar Group (LON:TGP) Shares Down 3.5% – Here’s Why

Tekmar Group plc (LON:TGP) shares were down 3.5% on Thursday . The company traded as low as GBX 14 and last traded at GBX 14.36. Approximately 5,149 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 357,080 shares. The stock had previously closed at GBX 14.88.

Tekmar Group Price Performance

The company has a market cap of £20.08 million, a price-to-earnings ratio of -8.30 and a beta of 1.70. The company has a 50-day simple moving average of GBX 14.01 and a 200-day simple moving average of GBX 12.17. The company has a debt-to-equity ratio of 23.77, a quick ratio of 1.70 and a current ratio of 1.34.

Tekmar Group (LON:TGP) last posted its quarterly earnings results on Thursday, June 18th. The company reported GBX (0.83) EPS for the quarter. Tekmar Group had a negative net margin of 7.38% and a negative return on equity of 10.04%. The business had revenue of GBX 1,617 million during the quarter.

Tekmar Group Company Profile

Tekmar Group plc collaborates with its partners to deliver robust and sustainable engineering led solutions that enable the world’s energy transition.

Through our Offshore Energy and Marine Civils Divisions we provide a range of engineering services and technologies to support and protect offshore wind farms and other offshore energy assets and marine infrastructure. With near 40 years of experience, we optimise and de-risk projects, solve customer’s engineering challenges, improve safety and lower project costs.