Made Tech Group (LON:MTEC) Posts Quarterly Earnings Results

Made Tech Group (LON:MTEC) issued its earnings results on Tuesday. The company reported GBX 2.38 earnings per share (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

MTEC opened at GBX 49.75 on Tuesday. The company has a market capitalization of £74.27 million, a price-to-earnings ratio of 42.89 and a beta of 1.06. The company has a current ratio of 3.06, a quick ratio of 2.95 and a debt-to-equity ratio of 8.21. Made Tech Group has a 12-month low of GBX 26 and a 12-month high of GBX 54. The business’s fifty day simple moving average is GBX 42.12 and its 200-day simple moving average is 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 stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price 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.