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

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

Made Tech Group Stock Performance

Shares of LON MTEC opened at GBX 48.10 on Wednesday. The stock has a market cap of £71.81 million, a PE ratio of 41.47 and a beta of 1.06. Made Tech Group has a 1 year low of GBX 26 and a 1 year high of GBX 54. The firm has a fifty day moving average price of GBX 42.39 and a 200-day moving average price of GBX 39.49. The company has a debt-to-equity ratio of 8.21, a current ratio of 3.06 and a quick ratio of 2.95.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their target price on shares of Made Tech Group from GBX 60 to GBX 70 and gave the company a “buy” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 70.

Made Tech Group Company Profile

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.