Made Tech Group (LON:MTEC) Posts Earnings Results

Made Tech Group (LON:MTEC) issued its quarterly earnings data on Tuesday. The company reported GBX 2.38 EPS for the quarter, Digital Look Earnings reports. Made Tech Group had a net margin of 3.52% and a return on equity of 12.27%.

Made Tech Group Price Performance

Shares of MTEC stock traded down GBX 0.80 during trading hours on Tuesday, hitting GBX 49.70. 2,093,479 shares of the company’s stock were exchanged, compared to its average volume of 591,503. Made Tech Group has a fifty-two week low of GBX 26 and a fifty-two week high of GBX 54. The firm has a market cap of £74.20 million, a P/E ratio of 42.84 and a beta of 1.06. The company has a quick ratio of 2.95, a current ratio of 3.06 and a debt-to-equity ratio of 8.21. The firm has a 50 day moving average of GBX 42.12 and a two-hundred day moving average of GBX 39.41.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price target on shares of Made Tech Group from GBX 60 to GBX 70 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 70.

Made Tech Group Company Profile

Made Tech Group Plc provides digital, data, and technology services to the public sector in the United Kingdom. It offers digital delivery, embedded capabilities, data infrastructure and insights, and legacy application transformation services. The company provides services that enable central government, healthcare, and local government organizations to digitally transform. It serves central and local government, housing, health and care, transport, and education; police, justice, and emergency; and space, defense, and security sectors.