Manx Financial Group (LON:MFX) Sets New 52-Week Low – Here’s Why

Manx Financial Group PLC (LON:MFX) reached a new 52-week low during trading on Wednesday. The stock traded as low as GBX 20 and last traded at GBX 21, with a volume of 105,493 shares changing hands. The stock had previously closed at GBX 20.50.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Manx Financial Group in a report on Friday, September 4th.

Manx Financial Group Trading Up 2.4%

The firm has a market cap of £26.25 million, a P/E ratio of 5.80 and a beta of 0.74. The company has a debt-to-equity ratio of 109.62, a quick ratio of 1.02 and a current ratio of 0.05. The firm has a 50 day simple moving average of GBX 23.54 and a 200 day simple moving average of GBX 24.79.

Manx Financial Group (LON:MFX) last posted its earnings results on Monday, September 21st. The company reported GBX 3.09 earnings per share (EPS) for the quarter. Manx Financial Group had a net margin of 7.99% and a return on equity of 12.15%.

Manx Financial Group Company Profile

Manx Financial Group PLC (MFG) is an AIM-quoted company (LSE: MFX.L) with subsidiaries offering a suite of financial services to retail and commercial customers, both in the Isle of Man and the UK. MFG’s strategy is to combine organic growth with strategic acquisition to further augment the range of services it offers and to gain greater market share in its preferred markets.