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

Made Tech Group (LON:MTEC) announced 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 traded down GBX 0.50 during midday trading on Wednesday, hitting GBX 49. 843,420 shares of the stock traded hands, compared to its average volume of 594,822. The firm has a market capitalization of £73.15 million, a P/E ratio of 42.24 and a beta of 1.06. Made Tech Group has a one year low of GBX 26 and a one year high of GBX 54. The company has a debt-to-equity ratio of 8.21, a quick ratio of 2.95 and a current ratio of 3.06. The firm has a 50-day moving average of GBX 42.39 and a two-hundred day moving average of GBX 39.49.

Wall Street Analyst Weigh In

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