Made Tech Group (LON:MTEC) Stock Keeps “Buy” Rating at Canaccord Genuity Group

Made Tech Group (LON:MTEC)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a research note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 70 price objective on the stock. Canaccord Genuity Group‘s target price suggests a potential upside of 32.08% from the company’s previous close.

Made Tech Group Trading Down 4.5%

Shares of MTEC stock opened at GBX 53 on Wednesday. The company has a debt-to-equity ratio of 4.38, a quick ratio of 2.95 and a current ratio of 3.82. Made Tech Group has a 1 year low of GBX 26 and a 1 year high of GBX 58. The stock has a fifty day moving average of GBX 49.05 and a two-hundred day moving average of GBX 40.59. The firm has a market capitalization of £77.47 million, a PE ratio of 23.98 and a beta of 1.06.

Made Tech Group (LON:MTEC) last released its quarterly earnings results on Tuesday, September 29th. The company reported GBX 2.38 earnings per share (EPS) for the quarter. Made Tech Group had a return on equity of 20.21% and a net margin of 5.81%. As a group, research analysts expect that Made Tech Group will post 2.62 EPS for the current year.

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.