Marks Electrical Group (LON:MRK) Stock Price Down 0.3% – Time to Sell?

Marks Electrical Group PLC (LON:MRK)’s stock price was down 0.3% during mid-day trading on Thursday . The company traded as low as GBX 45.38 and last traded at GBX 45.38. 8,182 shares changed hands during trading, a decline of 78% from the average session volume of 37,797 shares. The stock had previously closed at GBX 45.50.

Analyst Ratings Changes

A number of research firms have recently commented on MRK. Shore Capital Group reissued a “hold” rating and issued a GBX 50 target price on shares of Marks Electrical Group in a research note on Friday, June 19th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 55 price target on shares of Marks Electrical Group in a research report on Friday, June 19th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 52.50.

Marks Electrical Group Trading Down 1.1%

The company has a debt-to-equity ratio of 18.87, a current ratio of 1.49 and a quick ratio of 0.62. The stock’s 50-day moving average is GBX 45.47 and its two-hundred day moving average is GBX 46.79. The company has a market cap of £46.81 million, a P/E ratio of -112.50 and a beta of 0.58.

Marks Electrical Group (LON:MRK) last posted its earnings results on Monday, June 22nd. The company reported GBX (40) EPS for the quarter. The company had revenue of £107.93 million during the quarter. Marks Electrical Group had a negative return on equity of 4.18% and a negative net margin of 0.39%. As a group, equities research analysts predict that Marks Electrical Group PLC will post 3.5523979 earnings per share for the current fiscal year.

About Marks Electrical Group

Marks Electrical Group PLC, together with its subsidiary, engages in the supply of domestic electrical appliances and consumer electronics in the United Kingdom. The company also provides removal and recycling of packaging; collection and recycling of old appliances; and extended warranties and installation services. It sells its products through online platform. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021. Marks Electrical Group PLC was founded in 1987 and is headquartered in Leicester, United Kingdom.