Marks Electrical Group (LON:MRK) Shares Down 1% – Here’s Why

Marks Electrical Group PLC (LON:MRK) was down 1% during trading on Monday . The stock traded as low as GBX 45 and last traded at GBX 45.05. Approximately 3,179 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 46,677 shares. The stock had previously closed at GBX 45.50.

Wall Street Analyst Weigh In

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

Marks Electrical Group Trading Up 1.1%

The business has a 50-day simple moving average of GBX 47.61 and a two-hundred day simple moving average of GBX 47.11. The stock has a market cap of £47.85 million, a price-to-earnings ratio of -115.00 and a beta of 0.58. The company has a debt-to-equity ratio of 18.87, a current ratio of 1.49 and a quick ratio of 0.62.

Marks Electrical Group (LON:MRK) last released its quarterly earnings data 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 during the quarter. Equities analysts forecast that Marks Electrical Group PLC will post 3.5523979 EPS 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.