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

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

Analyst Ratings Changes

Several brokerages have weighed in on MRK. Shore Capital Group reiterated a “hold” rating and issued a GBX 50 price objective on shares of Marks Electrical Group in a research report on Friday, June 19th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 55 price target on shares of Marks Electrical Group in a report on Friday, June 19th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Marks Electrical Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 52.50.

View Our Latest Report on Marks Electrical Group

Marks Electrical Group Stock Performance

The firm has a market cap of £47.33 million, a PE ratio of -113.75 and a beta of 0.58. The firm has a fifty day simple moving average of GBX 45.46 and a two-hundred day simple moving average of GBX 46.88. The company has a current ratio of 1.49, a quick ratio of 0.62 and a debt-to-equity ratio of 18.87.

Marks Electrical Group (LON:MRKGet Free Report) last announced its earnings results on Monday, June 22nd. The company reported GBX (40) 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. Equities analysts forecast that Marks Electrical Group PLC will post 3.5523979 EPS for the current year.

Marks Electrical Group Company Profile

(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.

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