Made Tech Group (LON:MTEC) Releases Quarterly Earnings Results

Made Tech Group (LON:MTEC) released its quarterly earnings data on Tuesday. The company reported GBX 2.38 earnings per share for the quarter, Digital Look Earnings reports. Made Tech Group had a net margin of 3.52% and a return on equity of 12.27%.

Made Tech Group Stock Performance

Made Tech Group stock traded down GBX 0.50 during mid-day trading on Wednesday, hitting GBX 49. 838,351 shares of the company’s stock traded hands, compared to its average volume of 594,795. The company has a quick ratio of 2.95, a current ratio of 3.06 and a debt-to-equity ratio of 8.21. Made Tech Group has a one year low of GBX 26 and a one year high of GBX 54. The firm has a 50 day moving average price of GBX 42.39 and a 200 day moving average price of GBX 39.49. The company has a market cap of £73.15 million, a PE ratio of 42.24 and a beta of 1.06.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their target price on shares of Made Tech Group from GBX 60 to GBX 70 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 70.

About Made Tech Group

Made Tech Group Plc provides digital, data, and technology services to the public sector in the United Kingdom. It offers digital delivery, embedded capabilities, data infrastructure and insights, and legacy application transformation services. The company provides services that enable central government, healthcare, and local government organizations to digitally transform. It serves central and local government, housing, health and care, transport, and education; police, justice, and emergency; and space, defense, and security sectors.