Made Tech Group’s (MTEC) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Made Tech Group (LON:MTEC) in a research note released on Wednesday,Digital Look reports. The firm currently has a GBX 70 price target on the stock.

Made Tech Group Stock Down 6.0%

Shares of MTEC opened at GBX 50.50 on Wednesday. The company has a quick ratio of 2.95, a current ratio of 3.82 and a debt-to-equity ratio of 4.38. The business has a fifty day moving average of GBX 49.60 and a 200 day moving average of GBX 40.83. The company has a market cap of £73.81 million, a PE ratio of 22.85 and a beta of 1.01. Made Tech Group has a 52-week low of GBX 26 and a 52-week high of GBX 58.

Made Tech Group (LON:MTEC) last released its quarterly earnings results on Tuesday, September 29th. The company reported GBX 2.38 EPS for the quarter. Made Tech Group had a net margin of 5.81% and a return on equity of 20.21%. On average, sell-side analysts expect that Made Tech Group will post 2.62 EPS for the current year.

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.