Marks Electrical Group (LON:MRK) Stock Price Down 1.5% – Time to Sell?

by · The Markets Daily

Marks Electrical Group PLC (LON:MRK – Get Free Report)’s share price was down 1.5% during mid-day trading on Thursday. The company traded as low as GBX 48 and last traded at GBX 48.25. Approximately 4,654 shares were traded during trading, a decline of 87% from the average session volume of 36,281 shares. The stock had previously closed at GBX 49.

Analyst Ratings Changes

A number of brokerages have commented on MRK. Shore Capital Group reissued a “hold” rating and issued a GBX 50 price objective on shares of Marks Electrical Group in a research note on Friday, June 19th. Canaccord Genuity Group restated a “buy” rating and set a GBX 55 target price 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 52.50.

Get Our Latest Report on Marks Electrical Group

Marks Electrical Group Price Performance

The company has a quick ratio of 0.62, a current ratio of 1.49 and a debt-to-equity ratio of 18.87. The company has a market capitalization of £50.04 million, a PE ratio of -120.25 and a beta of 0.58. The firm’s 50 day simple moving average is GBX 45.95 and its 200 day simple moving average is GBX 46.87.

About Marks Electrical Group

(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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