Made Tech Group (LON:MTEC) Posts Earnings Results

Made Tech Group (LON:MTEC) released its quarterly earnings results on Tuesday. The company reported GBX 2.38 EPS for the quarter, Digital Look Earnings reports. Made Tech Group had a net margin of 5.81% and a return on equity of 20.21%.

Made Tech Group Stock Performance

LON MTEC remained flat at GBX 48 during trading hours on Friday. 795,690 shares of the company’s stock were exchanged, compared to its average volume of 602,960. The firm has a fifty day moving average price of GBX 43.14 and a 200-day moving average price of GBX 39.71. Made Tech Group has a 52 week low of GBX 26 and a 52 week high of GBX 54. The company has a debt-to-equity ratio of 4.38, a current ratio of 3.82 and a quick ratio of 2.95. The company has a market capitalization of £71.66 million, a PE ratio of 41.38 and a beta of 1.06.

Analyst Upgrades and Downgrades

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