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

Shares of Tekmar Group plc (LON:TGP) dropped 3.5% during trading on Thursday . The stock 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 daily volume of 357,080 shares. The stock had previously closed at GBX 14.88.

Tekmar Group Trading Up 2.6%

The company’s 50 day simple moving average is GBX 14.05 and its 200 day simple moving average is GBX 12.19. The company has a debt-to-equity ratio of 23.77, a current ratio of 1.34 and a quick ratio of 1.70. The firm has a market cap of £20.79 million, a price-to-earnings ratio of -8.60 and a beta of 1.70.

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

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.