Made Tech Group (LON:MTEC) Announces Earnings Results

Made Tech Group (LON:MTEC) announced 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 return on equity of 12.27% and a net margin of 3.52%.

Made Tech Group Price Performance

Shares of MTEC stock opened at GBX 49.70 on Tuesday. The firm’s 50 day moving average price is GBX 42.12 and its two-hundred day moving average price is GBX 39.41. The company has a debt-to-equity ratio of 8.21, a quick ratio of 2.95 and a current ratio of 3.06. Made Tech Group has a 52-week low of GBX 26 and a 52-week high of GBX 54. The stock has a market cap of £74.20 million, a PE ratio of 42.84 and a beta of 1.06.

Analyst Ratings Changes

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

About Made Tech Group

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.