Marks Electrical Group (LON:MRK) Trading Down 1% – Time to Sell?

Marks Electrical Group PLC (LON:MRK)’s share price traded down 1% during trading on Monday . The stock traded as low as GBX 45 and last traded at GBX 45.05. 3,179 shares changed hands during trading, a decline of 93% from the average session volume of 46,677 shares. The stock had previously closed at GBX 45.50.

Analyst Upgrades and Downgrades

MRK has been the topic of several recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 55 price objective on shares of Marks Electrical Group in a report on Friday, June 19th. 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. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 52.50.

Marks Electrical Group Price Performance

The stock has a market cap of £46.87 million, a P/E ratio of -112.62 and a beta of 0.58. The company has a 50 day simple moving average of GBX 47.70 and a 200 day simple moving average of GBX 47.11. 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:MRK) last issued its quarterly earnings results on Monday, June 22nd. The company reported GBX (40) earnings per share for the quarter. The business had revenue of £107.93 million for the quarter. Marks Electrical Group had a negative return on equity of 4.18% and a negative net margin of 0.39%. Sell-side analysts forecast that Marks Electrical Group PLC will post 3.5523979 earnings per share for the current fiscal year.

Marks Electrical Group Company Profile

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.