Marks Electrical Group (LON:MRK) Stock Price Down 2% – Time to Sell?

Marks Electrical Group PLC (LON:MRK) shares traded down 2% on Wednesday . The stock traded as low as GBX 48 and last traded at GBX 48. 2,683 shares traded hands during trading, a decline of 94% from the average session volume of 42,027 shares. The stock had previously closed at GBX 49.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Shore Capital Group reissued a “hold” rating on shares of Marks Electrical Group in a report on Monday, April 13th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 55 price objective on shares of Marks Electrical Group in a report on Monday, April 13th. 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, Marks Electrical Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 52.50.

Marks Electrical Group Price Performance

The company has a quick ratio of 0.62, a current ratio of 1.42 and a debt-to-equity ratio of 31.31. The firm’s fifty day moving average price is GBX 48.04 and its two-hundred day moving average price is GBX 46.77. The stock has a market capitalization of £50.05 million, a PE ratio of -46.60 and a beta of 0.67.

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.