Marks Electrical Group (LON:MRK) Shares Down 0.3% – Should You Sell?

Shares of Marks Electrical Group PLC (LON:MRK) dropped 0.3% during mid-day trading on Thursday . The company traded as low as GBX 45.38 and last traded at GBX 45.38. 8,182 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 37,797 shares. The stock had previously closed at GBX 45.50.

Analyst Ratings Changes

MRK has been the topic of several analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 55 target price on shares of Marks Electrical Group in a report on Friday, June 19th. Shore Capital Group reissued a “hold” rating and set a GBX 50 price target on shares of Marks Electrical Group in a report on Friday, June 19th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Marks Electrical Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 52.50.

Marks Electrical Group Price Performance

The company’s 50 day moving average price is GBX 45.47 and its 200 day moving average price is GBX 46.80. The firm has a market capitalization of £47.21 million, a P/E ratio of -113.46 and a beta of 0.58. The company has a debt-to-equity ratio of 18.87, a current ratio of 1.49 and a quick ratio of 0.62.

Marks Electrical Group (LON:MRK) last released its earnings results on Monday, June 22nd. The company reported GBX (40) earnings per share for the quarter. The firm had revenue of £107.93 million for the quarter. Marks Electrical Group had a negative return on equity of 4.18% and a negative net margin of 0.39%. As a group, sell-side analysts anticipate that Marks Electrical Group PLC will post 3.5523979 EPS for the current fiscal year.

Marks Electrical Group Company Profile

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.