Marks Electrical Group (LON:MRK) Trading Down 0.3% – Should You Sell?

Marks Electrical Group PLC (LON:MRKGet Free Report)’s share price fell 0.3% during trading on Thursday . The company traded as low as GBX 45.38 and last traded at GBX 45.38. Approximately 4,128 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 40,117 shares. The stock had previously closed at GBX 45.50.

Analyst Upgrades and Downgrades

MRK has been the topic of several recent research reports. Shore Capital Group restated a “hold” rating and set a GBX 50 price target on shares of Marks Electrical Group in a report on Friday, June 19th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 55 price objective on shares of Marks Electrical Group in a research note on Friday, June 19th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 52.50.

Read Our Latest Research Report on Marks Electrical Group

Marks Electrical Group Price Performance

The company has a current ratio of 1.49, a quick ratio of 0.62 and a debt-to-equity ratio of 18.87. The company has a market capitalization of £47.21 million, a PE ratio of -113.45 and a beta of 0.58. The stock’s 50-day moving average is GBX 45.46 and its two-hundred day moving average is GBX 46.89.

Marks Electrical Group (LON:MRKGet Free Report) last announced its earnings results on Monday, June 22nd. The company reported GBX (40) earnings per share (EPS) for the quarter. Marks Electrical Group had a negative net margin of 0.39% and a negative return on equity of 4.18%. The business had revenue of £107.93 million for the quarter. On average, equities analysts predict that Marks Electrical Group PLC will post 3.5523979 EPS for the current year.

About Marks Electrical Group

(Get Free Report)

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.

Further Reading

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